Azerbaijan's Mortgage And Credit Guarantee Fund Makes Regula...| MENAFN.COM

Saturday, 01 October 2022 07:01 GMT

Azerbaijan's Mortgage And Credit Guarantee Fund Makes Regular Payments Of Interest On Bonds


(MENAFN- AzerNews)

By Trend

The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan has made regular payments of interest on bonds, Trend reports referring to the Baku Stock Exchange (BSE).

According to the Fund bond 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.

On August 8, the issuer made another payment of interest on the bonds. Proceeding from this, the amount of balance at par value of the said bonds was 710,57 manat ($417.98). Thus, interest income in the amount of three percent will be calculated based on this amount.

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