BAKU, Azerbaijan, January 6. The Mortgage and Credit Guarantee Fund of Azerbaijan has made regular interest payments on bonds, Trend reports via the Baku Stock Exchange (BSE).
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 payment of interest on the AZ2046008689, AZ2047008688, AZ20408008687, and AZ2049008686 bonds on January 6, 2023. Proceeding from this, the face value of the mentioned bonds was 875 manat ($514.71).
Thus, interest income in the amount of 3.25 percent will be calculated on the basis of this amount for regular payments.