BAKU, Azerbaijan, March 28. 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 interest payment on AZ2027008682, AZ2028008681, AZ2029008680, and AZ2030008687 bonds. Proceeding from this, the face value of the mentioned bonds was 621.91 manat ($365.83).
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 by the decree of the President of Azerbaijan in 2017 through the reorganization and merger of Azerbaijan Mortgage Fund OJSC and Azerbaijan Credit Guarantee Fund OJSC.