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Azerbaijan's Mortgage, Credit Guarantee Fund makes regular payments of bond interest

Finance Materials 9 September 2022 15:50
Baku, Azerbaijan Trend News Agency
Azerbaijan's Mortgage, Credit Guarantee Fund makes regular payments of bond interest

The Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan has made regular payments of bond interest, 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 September 7, 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 603.53 manat ($354.5). Thus, interest income in the amount of three percent will be calculated on the basis of the mentioned amount.

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