Azerbaijan’s Mortgage and Credit Guarantee Fund pays interest on bonds
By Trend
The Mortgage and Credit Guarantee Fund of Azerbaijan has made another interest payment on bonds, Trend reports citing the Baku Stock Exchange (BSE).
According to the Fund’s prospectus, a specific part of the nominal residual value of securities is paid in addition to the interest payment on the bond payment date, which is equal to the share of principal debt payments on the assets included in mortgage coverage.
BSE noted that the issuer made another payment of interest on the bonds on May 16. The amount of balance at the face value of the specified bonds was 666.02 manat ($391.7).
Interest income in three percent, with regular payments, will be calculated based on this amount.
---
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!