Par value of Azerbaijan Mortgage and Credit Guarantee Fund's bonds revealed
BAKU, Azerbaijan, Dec. 4
By Eldar Janashvili - Trend:
According to the prospectus for the issuance of bonds AZ2024008685, AZ2025008684, AZ2026008683, issued by the Azerbaijan Mortgage and Credit Guarantee Fund, on the day of interest payment on the bonds, along with the accrued interest, a certain part of the nominal residual value of the bonds (equal to the main debt payments for assets, included in the mortgage coverage) has been paid, Trend reports referring to the Baku Stock Exchange.
On Nov. 28, 2019, the issuer made another interest payment on bonds AZ2024008685, AZ2025008684, AZ2026008683. So, from Nov. 28, 2019, the balance of these bonds at face value is 848.24 manat ($498.9).
In the next interest period, interest at 3 percent will be calculated based on the amount of 848.24 manat.
So, when trading bonds on the Baku Stock Exchange, AZ2024008685, AZ2025008684, AZ2026008683, the base price of bonds should be 848.24 manat.
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