Azerbaijan Mortgage Fund to Start Placing AZN 3 mln Tranche of Bonds
OREANDA-NEWS. February 15, 2010. The AMF informs that the tranche of the 75-million bonds issue will make AZN 3 million.
The bonds will be set out for the auction on the current price (100.1264%).
The date of bonds redemption is 11 December 2019. In case demand exceeds supply than all applications will be secured in proportional order.
The CBA will be the primary organizer of bonds placement.
The Azerbaijan State Securities Committee (SSC) has registered the bonds issue for AZN 75 million on 30 December 2009. It was registered 75,000 registered book-entry unsecured bonds were registered with par value of AZN 1,000. Profitability of bonds is 3.25%.
Placement of AMF bonds current issue was started on 1 February 2010. Up to date the bonds for AZN 6 million have been placed.
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