Baku Stock Exchange holds auction on placement of mortgage bonds

7 March 2020 16:20 (UTC+04:00)

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Baku Stock Exchange held an auction on placement of mortgage bonds AZ2042008683 of the Azerbaijan Mortgage and Credit Guarantee Fund, Trend reports referring to BSE.

During the auction, the BSE attracted 20 million manat ($11.7 million) from Azerbaijani banks.

The interest payment term is 6,840 days.

The price of bonds amounted to 1,000 manat ($588.2), the total amount of orders at face value amounted to 20 million manat.

The maturity date of the bonds is November 27, 2038.

Baku Stock Exchange cooperates with a number of leading international financial institutions. In light of integration of the Azerbaijani economy to the global economy, effective management of capital markets in accordance with modern requirements, application of international standards, as well as the establishment of international relations with leading stock exchanges and financial institutions is of great importance for the Baku Stock Exchange.

(1 USD= 1.7 AZN on Mar. 6)

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