Azerbaijan Mortgage Fund Declares Placement of May 1st Bond Tranche
OREANDA-NEWS. May 05, 2010. The AMF informs that the next tranche of its bonds will make AZN 5 million.
The bonds will be set out for the auction on the current price (102.9282%).
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) registered the bonds issue for AZN 75 million on 30 December 2009.
Totally 75,000 bonds were registered with par value of AZN 1,000. Profitability of bonds is 3.25%.
Placement of the AMF bond current issue started on 1 February 2010. Up to date it has been placed bonds for AZN 23 million.
In April the AMF carried out placement of three tranches of bonds for AZN 11 million at par value (2 tranches by AZN 3 million and a tranche for AZN 5 million), achieving the monthly placement record this year.
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