Azerbaijan’s Mortgage and Credit Guarantee Fund to auction bonds on Dec. 18

The Azerbaijan Mortgage and Credit Guarantee Fund will hold an auction to place its bonds on the Baku Stock Exchange (BSE) on December 18.

According to the BSE, order collection will take place in line with trading regulations from 1100 to 1230 local time.

The bonds carry the ISIN code AZ2104008688. The issue size is set at 50 million manats, with both the nominal value and auction price at 1,000 manats. The maturity of the bonds is 7,200 days.

The bonds will offer an annual interest rate of 3.25%, with coupon payments made every 180 days, or semi-annually.

The underwriter for the auction is Invest-Az I.S. CJSC.

N.Tebrizli