(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 8. The Mortgage and
Credit Guarantee Fund of Azerbaijan has made regular interest
payments on bonds, trend reports citing the Baku Stock Exchange.
According to the fund's bond prospectus, a certain
part of the residual value of securities is envisioned to be paid
along with interest payments on the bond payment date, which is
equal to the principal debt payments on the assets included in the
mortgage coverage.
The BSE noted that the issuer made another interest payment on
AZ2013008688, AZ2014008687, AZ2015008686, AZ2016008685,
AZ2017008684, AZ2018008683, and AZ2019008682 bonds. Proceeding from
this, the face value of the mentioned bonds was 576.67 manat
($338.8).
Thus, interest income in the amount of three percent
will be calculated on the basis of this amount for regular
payments.
The Mortgage and Credit Guarantee Fund was established following
the Presidential Decree in 2017 through the reorganization and
merger of Azerbaijan Mortgage Fund OJSC and Azerbaijan Credit
Guarantee Fund OJSC.
MENAFN08032023000187011040ID1105728878
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.