OREANDA-NEWS. September 15, 2011. Today at the Baku Stock Exchange the Azerbaijan Mortgage Fund under the Central Bank has placed the September’s first tranche of interest-bearing, book-entry, secured, registered bonds of the third issue. The demand exceeded the supply 2.287 fold.

The AMF reports that on 15 September the three investors submitted the orders for AZN 11.436 million (announced volume: AZN 5 million). As a result, all the volume of the 13th tranche of the Fund’s third issue of bonds set for sale was placed fully. Selling price of the bonds was 101.5083% of par value making AZN 1,000.

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, and AZN 7 million from August’s tranche. As a result, the issue has been placed by 86.7% or for AZN 52 million.

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.