• $
  • £

Subscription to SOCAR's bonds starts today

Subscription to SOCAR's bonds starts today
20.09.2021 13:40
Subscription to new bonds of the State Oil Company of Azerbaijan (SOCAR) starts today and will continue until October 29.

Securities can be purchased by both citizens of the country and foreign legal entities registered in Azerbaijan. Preference will be given to individuals (foreign individuals and legal entities will also be able to buy from bondholders in the secondary market).

SOCAR bonds can be obtained from the kiosks established in the "ASAN service" centers 1 and 5, as well as by applying to investment companies operating in Azerbaijan. The process will cover all investment companies, except for Plato Capital and Co. Investment Company.

This is the second domestic bond emission of the SOCAR inside the country. For the first time in 2016, the company issued 100,000 bonds ($100 million) with a face value of $1,000 each. The securities were placed on the Baku Stock Exchange through a public offering. Bonds issued for 5 years and maturing next month have an annual yield of 5%. Interest is paid quarterly.

This time the bond emission will be carried out on the same terms. Only the annual yield of bonds will be 0.5 percentage points less - 4.5%.

(report.az)

www.anews.az
Similar news
Similar news
ABB supports youth and children’s sports initiatives
Business 16:41
ABB supports youth and children’s sports initiatives
Gold edges up, silver slips on commodity markets
Business 16:00
Gold edges up, silver slips on commodity markets
Azerbaijan’s bank lending portfolio continues to grow
Business 15:30
Azerbaijan’s bank lending portfolio continues to grow
Bir Ecosystem Announces Winners of the Spark Student Innovation Program
Business 15:00
Bir Ecosystem Announces Winners of the Spark Student Innovation Program
Azerbaijan’s bad loans rise 25% year-on-year
Business 14:29
Azerbaijan’s bad loans rise 25% year-on-year
Azerbaijan issues 200 mln manats in state-backed mortgages in five months
Business 14:00
Azerbaijan issues 200 mln manats in state-backed mortgages in five months
Azerbaijan banking sector net profit rises more than 29%
Business 13:30
Azerbaijan banking sector net profit rises more than 29%
Azeri Light falls more than 3%
Business 13:00
Azeri Light falls more than 3%
U.S. commercial crude oil stocks fall below 413 million barrels
Business 12:00
U.S. commercial crude oil stocks fall below 413 million barrels
Anews TV

Our official Youtube channel

Subscribe