OREANDA-NEWS. October 5, 2011. Today at the Baku Stock Exchange the Azerbaijan Mortgage Fund under the Central Bank has placed the first tranche of interest-bearing, book-entry, secured, registered bonds of the fourth issue. The demand exceeded the supply 9.9%.

The AMF reports that on 4 October the two investors submitted the orders for AZN 3.298 million (announced volume: AZN 3 million). As a result, all the volume of the tranche of the Fund’s bonds set for sale was placed fully. Selling price of the bonds was 100% of par value making AZN 1,000.

The maturity date of this issue is 28 August 2018. The AMF issue prospectus was registered by the State Committee for Securities on 26 August 2011. The total amount of the issue is AZN 20 million with an interest rate of 3% per annum.

From 17 January to 22 September 2011 the AMF placed fully the third issue of its bonds, the prospectus of which was registered by the SCS on 19 November 2010. The total amount of the third issue was AZN 60 million with an interest rate of 3% per annum.

The 1st tranche for AZN 10 million was placed on 17 January 2011 and the 2nd one for AZN 3 million on 31 January. The AMF raised AZN 13 million on par value from two January tranches, AZN 3 million from the February tranche, AZN 3 million from the March tranche, AZN 3 million from April tranche, AZN 16 million from four May tranches, AZN 3 million form the June tranche, AZN 3 million from the July’s first tranche, AZN 7 million from August’s tranche, and AZN 13 million from September’s three tranches.

The maturity date of bonds redemption is 11 December 2017. The AMF bond issue prospectus was registered by the State Committee for Securities on 19 November 2010. The total issue volume is AZN 60 million with interest rate of 3% per annum.