Azerbaijani Mortgage & Credit Guarantee Fund Makes New Payme...| MENAFN.COM

Tuesday, 16 August 2022 03:30 GMT

Azerbaijani Mortgage & Credit Guarantee Fund Makes New Payment Of Interest On Bonds


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, July 7. Azerbaijan's Mortgage and Credit Guarantee Fund made a new payment of interest on bonds, Trend reports via the Baku Stock Exchange (BSE).

According to the Fund's bond emission prospectus, a certain part of the nominal residual value of the securities, which is equal to the principal debt payments on the mortgage coverage assets, is paid along with the interest payment on the bond payment date.

The issuer made another payment of interest on the bonds on July 6. The amount of balance at the par value of the said bonds was 785.73 manat ($462.19). Thus, during the next payments interest income in the amount of three percent will be calculated based on this amount, and added to the BSE.

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