BAKU, Azerbaijan, December 23. The Mortgage and Credit Guarantee Fund of Azerbaijan will auction bonds worth 45 million manat ($26.4 million) at the Baku Stock Exchange (BSE) on December 26, Trend reports citing the BSE.
The face value of one bond amounts to 1,000 manat ($588.5) at three percent interest.
According to the BSE, the auction price of one security is also 1,000 manat.
The maturity period of bonds is 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 financing of mortgage loans.