OREANDA-NEWS. January 28, 2011.  Placement of the 2nd January tranche of interest-bearing, book-entry, secured, registered bonds of the Azerbaijan Mortgage Fund (AMF) under the Central Bank will begin since 31 January 2011.

The Baku Stock Exchange reports that the 2nd tranche of the third issue of the AMF bonds for AZN 3 million will be placed at the BSE on this day. Selling price of the bonds by the date of the placement start will be 100.1197% of face value making AZN 1,000. According to the issue prospectus, placement will be conducted by public subscription method. Those wishing to buy bonds can apply to BSE member brokers.

In case demand exceeds supply, all orders will be met proportionally. The Central Bank of Azerbaijan will be the initial organizer of the bonds placement.

Placement of this issue bonds started on 17 January 2011. The first January tranche of bonds for AZN 10 million par value was placed then.

The maturity date of bonds redemption is 11 December 2017. The AMF bond issue prospectus was registered by the State Committee for Securities on 19 November 2010. The total issue volume is AZN 60 million with interest rate of 3% per annum.