Mortgage Fund raised 50 million manats of debt from capital market

17:37 - 29.01.2024

January 29, Fineko/ The auction for the placement of Azerbaijan Mortgage & Credit Guarantee Fund’s bonds with circulation period of 7,200 days, nominal value of 1,000 manats with ISIN code AZ2081008685, volume of 50,000,000 manats, has ended today at the Baku Stock Exchange.

ABC.AZ reports with reference to the BSE that one investor placed one bid during the auction. The annual interest rate on the bond is 3.25%, and the interest payment period - 180 days (every 6 months).

The total amount of bids with auction price of 1,000 — 50 million manats at the nominal price. The volume of bonds placed at the nominal price reached 50 million manats.

The maturity date of the bonds is October 16, 2043. The underwriter for the placement is Unicapital I.Ş OJSC.

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