On December 8, an auction on placement of issue of interest-bearing, book-entry, bonds of Azerbaijan Mortgage Fund with the volume of AZN 15,000,000 and face value of AZN 1,000 will be held at Baku Stock Exchange (BSE).
BSE says AZN 20 million will be put up to sale and orders were submitted at the price of 1001.75%.
The Financial Markets Supervisory Authority (FIMSA) registered emission prospectus of interest-bearing, book-entry, bonds of Azerbaijan Mortgage Fund on November 10, 2016. Total volume of the issue is AZN 50 million, face value – AZN 1,000, interest rate – 3%.
The placement will be held in public offering at BSE.