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


October 21, Fineko/abc.az. An auction on mortgage bonds of the Azerbaijan Mortgage & Credit Guarantee Fund will be arranged at the Baku Stock Exchange on 24 October, the BSE informed.

Collection of bids during the auction will be organized from 11 am till 12:30 am in accordance with the BSE trading regulations.

The issue volume is AZN 20 million, face value AZN 1,000, the price of auction AZN 1007,8333, the interest rate is 3%, the circulation period of bonds 23 years, the repayment period interest income 180 days. BTB-Capital acts as the underwriter. In case the submitted orders exceed the binds, the orders will be provided in a pro rata manner.

The prospectus for the basic issue of AIF mortgage bonds is available in section ‘Issuers’ of BSE website (www.bfb.az ).