Mortgage & Credit Guarantee Fund regularly allocates payments of interest on bonds

By Azernews

By Sabina Mammadli

Azerbaijan's Mortgage and Credit Guarantee Fund has made regular payments of interest on bonds, Azernews reports per 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.

It was noted that on August 8, the issuer made another payment of interest on the bonds. Proceeding from this, the amount of balance at the par value of the said bonds was AZN710,57 ($417.98). Thus, interest income in the amount of three percent will be calculated based on this amount.