15:40 - 1.08.2024

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August 1, Fineko/abc.az. The State Oil Company of Azerbaijan (SOCAR) has made the 11th coupon payment on new bonds, ABC.AZ reports, referring to SOCAR Capital.

100,000 bonds with nominal value of $1,000 ($100 million) were issued for 5-year period.

Their annual return is 4.5%. Interests are paid quarterly, and bondholders receive income of $1.125 million.

Together with today's payment, the total profit of investors amounted to $12.375 million. After 5 years, their income will be $22.5 million.

The number of transactions with new SOCAR bonds in the secondary market has reached 800, and the total amount has exceeded $47 million. These corporate securities are the most traded at the Baku Stock Exchange CJSC.

SOCAR bonds can be purchased at ASAN Xidmət Centers #1 and #5 and in all investment companies registered in Azerbaijan.