On April 17, the Baku Stock Exchange (BSE) will hold an auction for the placement of undocumented, interest-bearing bonds of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan in the amount of 70 million manats.
from BSE Publika.azwas told that the bonds will be sold at the price of 1001.2638 manats. The Central Bank of the Republic of Azerbaijan registered the Base issue prospectus of undocumented, interest-bearing bonds of the Mortgage and Credit Guarantee Fund on January 16. The total volume of the issue is 100 million AZN, the nominal value of one bond is 1,000 AZN, the annual interest rate on the bond is 3.25 percent, and the maturity period is 7,200 days. “Unicapital” OJSC acts as an underwriter. According to the base issue prospectus, placement will be done through “Baku Stock Exchange” CJSC by means of public offering. Depository and Registry services will be provided by the National Depository Center.
In the event that submitted orders exceed the supply, orders will be fulfilled on a pro rata basis. The issue prospectus of the fund’s bonds is posted on the “Issuers” section of the BSE website (www.bfb.az). Those interested in participating in trading at the BSE can apply to investment companies that are members of the exchange.
