SOCAR pays another interest to bondholders

The State Oil Company of Azerbaijan (SOCAR) has made the next, seventh consecutive coupon payment on bonds with a face value of $1,000, a maturity of 5 years and an annual yield of 4.5%, Report informs referring to SOCAR Capital.

The dividends were credited to the accounts of bondholders on August 1.

SOCAR bonds brought their owners an income worth $1.125 million. Thus, the total income of bondholders increased to $7.875 million, and after five years it will be $22.5 million.

An indicator of high demand for SOCAR bonds is the volume of transactions in the secondary market, which exceeds $35 million. The number of transactions on them to date has amounted to 520.

SOCAR bonds, which can be purchased at ASAN service centers No. 1 and No. 5 and in all investment companies registered in Azerbaijan, have high liquidity.

On November 1, 2023, the next coupon payment on SOCAR bonds will take place.