OREANDA-NEWS. December 24, 2009. placement of next tranche of interest-bearing book-entry secured renewal bonds of the Azerbaijan Mortgage Fund (AMF) under the Central Bank of Azerbaijan (CBA) took place.

AMF informs that the size of tranche made up AZN 5 million.

“Seven investors took part in the auction. Volume of claims totaled AZN 9.929 million at face value, thus, all volume of bonds, submitted in the auction (AZN 5 million at face value) will be place in full,” it was informed.

Let’s remind that on 29th May, 2009, issue prospectus of bonds of the fund  in the amount of AZN 5 million was registered by the State Securities Committee (SSC).  Placement of the bonds of AMF was started from 16 June 2009. So far bonds to the sum of AZN 49 million have been offered at auction and all volume of bonds was placed in full.

The maturity date is 10 May 2016. Face value of one bond makes AZN 1,000 and profitability was fixed on the level of 3%.

The first bond service took place on 14 December, 2009.