Auction on bonds of Mortgage & Credit Guarantee Fund to be held


March 14, Fineko/ An auction on placement of mortgage bonds of the Mortgage & Credit Guarantee Fund of Azerbaijan will be organized tomorrow at the Baku Stock Exchange.
The issue volume will be AZN 20 million, the nominal price – 1,000 manats, the auction price – AZN 1008.8333, the turnover period - 23 years, the interest rate – 3%, the term of interest income payment - 6 months. The underwriter will be PSG-Capital IS.
In case the offered orders exceed the supply, the orders will be provided proportionally.
The basic issue of the mortgage bonds has been posted in section ‘Issuers’ of the BSE website ( ).