BAKU, Azerbaijan, April 12. The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan will auction bonds worth 50 million manat ($29.4 million) at the Baku Stock Exchange (BSE) on April 14, Trend reports citing the BSE.
According to the BSE, the auction price of the securities is 1,000 manat ($588.5).
The face value of a bond is 1,000 manat ($588.5) at three percent interest.
The maturity period of the bonds is 25 years (9,000 days).
The placement underwriter is Unicapital Investment Company CJSC.
Bonds are issued by the Mortgage and Credit Guarantee Fund of Azerbaijan to secure the financing of mortgage loans.
