Growth of demand has led to rise in SOCAR bonds in Azerbaijan


November 24, Fineko/ A serious rise in prices has taken place on the securities market of Azerbaijan.

PSG KAPITAL, which is the market-maker of bonds of SOCAR (State Oil Company of Azerbaijan), reported that the nominal value of those bonds exceeded $1,010.

"So, purchasing price of SOCAR bonds is $1,004.80 and selling price $1,010. At that, the purchase price of the bonds on 20 November was $1,003.2 and selling price $1,007.6.

The rise in prices is linked with sharp increase in demand for bonds," PSG KAPITAL said.