SOCAR bond holders’ income approaches $8 million
Baku, August 1, AZERTAC
According to the SOCAR Capital Company, the next coupon payment on SOCAR bonds - issued for a period of 5 years at a par of $1,000 with an annual coupon rate of 4.5 % and quarterly payment schedule - was credited to the bond holders’ accounts on 1 August.
As a result of the seventh coupon payment, new SOCAR bonds, which have become the most in-demand securities for the period from the moment of their public offering on the Baku Stock Exchange through present, brought $1.125 million of income to bond holders. The total income of bond holders, therefore, reached $7,875,000 (at the end of the 5-year period, the total income will be 22.5 million US dollars).
The fact that the amount of operations in the secondary market has exceeded $35 million for 21 months and the number of transactions has reached 520 indicates a strong demand for these securities.
SOCAR bonds, which can be subscribed in SOCAR bond kiosks created in ASAN Service centers No 1 and 5 as well as in all investment companies registered in Azerbaijan, are highly liquid and their price never drops below the par value ($1000).
Please be advised that the next coupon payment on SOCAR bonds will take place on 1 November 2023.
For further information please contact *1999 and socarcapital.az, socaristiqraz.az
It should be noted that official information on SOCAR bonds is available only in ASAN Service centers No 1-5, investment companies registered in our country as well as by phone number and on the websites mentioned above.
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