(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 28. 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 the AZ2058008684 bond. Proceeding from this, the face
value of the mentioned bonds was 911.5 manat ($536.1).
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.
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