Mortgage and Credit Guarantee Fund pays interest worth AZN 229 million over 15 years

In 2023, the Mortgage and Credit Guarantee Fund placed bonds worth AZN 250 million at 3% per annum and AZN 200 million at 3.25% per annum. This is stated in the report on the government's activities for the last year. The document says that the MCGF raised a total of AZN 2,435 million by placing bonds from May 2009 to the end of 2023. These funds were used to issue ordinary (25-year term at 8% per annum) mortgages and purchase flats for...

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