BAKU, Azerbaijan, September 21. The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan will auction bonds worth 25 million manat ($14.7 million) at the Baku Stock Exchange (BSE) on September 23, Trend reports citing the BSE.
The face value of one bond equaled 1,000 manat ($588.25) with 3.25 percent interest rate.
According to the stock exchange, the auction price of one security is 1,007.6736 manat ($592.76).
The maturity period of bonds is 20 years (7,200 days). The placement underwriter is Unicapital Investment Company CJSC.
Bonds are issued by the Mortgage and Credit Guarantee Fund of Azerbaijan to secure mortgage finance.
