Yield of next bond issue of SOCAR will be lower

Baku. 18 October.REPORT.AZ/ The State Oil Company of Azerbaijan Republic (SOCAR) may carry out one more bond issue depending on the market demand.

Report informs, SOCAR President Rovnag Abdullayev said at the press conference held on completion of sale of the company's bonds and launch of secondary market operations.

According to him, if it happens, the bond yields will be lower than the first emission.

The company's consultant for capital markets Ali Ağaoğlu said that next bond issue may take place in 2017, also, amount of the next issue will be 200 mln USD at least for involvement of more investors in SOCAR bonds.