The placement of next tranche of provided bonds of Azerbaijan Mortgage Fund, which its emission costs 50 mln AZN

The placement of last interest-bearing, named, paperless, provided bonds of Azerbaijan Mortgage Fund will take place and bonds in amount of 5 000 000 AZN will be auctioned in BSE on April 01, 2015. The bonds will be offered for sale with 100, 6500 price. Persons, who want to acquire bonds, can apply to organizations, which are member of “Baku Stock Exchange” CJSC and have a brokerage license.

The maturity date of bonds- November 21, 2024.  If the assigned orders more than offer, then the orders will be provide proportionally. The organization, which participate in initial placement of bonds: Central Bank of the Republic of Azerbaijan.

Note that, the State Committee registered the emission prospectus of the interest- bearing, named, undocumented emission prospectus of bonds of Azerbaijan Mortgage Fund for Securities on December 20, 2014. The total volume of the emission is 50 000 000 AZN, face- value of this loan is 1 000 AZN and interest rate on bonds is 3%.

According to the emission prospectus, the placement will take place with public offering method by means of “Baku Stock Exchange” CJSC. The depository and Superintendent services will be provided by National Depository Center.

Note that, there was begun the placement of bonds on January 13, 2015 and so far, the bond placed the amount of 3 000 000 to auction.