Mortgage & Credit-Guarantee Fund’s bonds to be issued


January 26, Fineko/abc.az. The Baku Stock Exchange has held an auction on placement of bonds of the Mortgage & Credit-Guarantee Fund.

The BSE reports that the size of the issue is AZN 25 million.

"The nominal value of each bond is AZN 1,000 and the auction price AZN 1004.5833 with turnover period of 23 years (8,280 days) at interest rate of 3%, period of payment of interest income - every six months," the BSE said.

PASHA Capital will be the underwriter of the bond issue placement.