• $
  • £

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
Azercell’s TikTok Page Receives Official Verification Badge
Business 16:34
Azercell’s TikTok Page Receives Official Verification Badge
Gold prices exceed $5,200 per ounce
Business 12:00
Gold prices exceed $5,200 per ounce
Azerbaijani oil price nears $73
Business 10:30
Azerbaijani oil price nears $73
Azerbaijan Mortgage and Credit Guarantee Fund issues 17.4 mln manats in loans in January
Business 18:00
Azerbaijan Mortgage and Credit Guarantee Fund issues 17.4 mln manats in loans in January
Azerbaijan’s broad money supply rises 5.8% in January
Business 17:30
Azerbaijan’s broad money supply rises 5.8% in January
EBRD sees Azerbaijan’s economy growing 2% in 2026
Business 17:04
EBRD sees Azerbaijan’s economy growing 2% in 2026
OPEC+ may raise oil output in April
Business 16:30
OPEC+ may raise oil output in April
Overdue loans in Azerbaijan rise to 557.5 mln manats
Business 14:30
Overdue loans in Azerbaijan rise to 557.5 mln manats
Azeri Light crude slips to $71.46 per barrel
Business 11:00
Azeri Light crude slips to $71.46 per barrel
Anews TV

Our official Youtube channel

Subscribe