OREANDA-NEWS. October 8, 2009. An auction of interest-bearing registered bonds of the Azerbaijan Mortgage Fund (under the Central Bank) has taken place today.

The Baku Stock Exchange reports that the volume of the offering of AZN 5 million was set out for the auction at the current price (100.95), overall volume of the investors totaled AZN 7.995 million. The orders were met for AZN 3 million at the current price.

In case the orders exceed offering, all of the orders will be filled proportionally. The maturity date is 10 May 2016. CB is the initial organizer of bonds’ placement.

The placement of the bonds has started from 16 June 2009. So far the total amount of AZN 50 million was offered and fully placed for AZN 38 million.

The investors submitted overall orders for AZN 68.6 million.