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According to the SOCAR Capital Company, the sixth 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 May 2023.
As a result of the sixth coupon payment, new SOCAR bonds, which have become the most in-demand securities for the 18-month period of their public offering on the Baku Stock Exchange, brought $1.125 million of income to bond holders. The total income of bond holders, therefore, reached $6,750,000 (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 $32 million, the number of transactions has reached 450, and SOCAR bonds retained their status as the most traded corporate financial instrument 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 August 2023.
For further information please contact *1999 and socarcapital.az, socaristiqraz.az
We would like to remind that official information about SOCAR Bonds can be obtained only from ASAN service centers No. 1-5, investment companies registered in our country, the above-mentioned call number and websites.
