Baku. 27 September. REPORT.AZ/ Profit of holders of the massively traded securities in Azerbaijan - bonds of the State Oil Company of Azerbaijan Republic (SOCAR) will reach $ 5 mln annually in the coming days.
Report informs citing “SOCAR Capital” LLC.
According to information, next interests for the securities will be paid on October 17. On that day, bond owners will receive revenue of $ 12.5 for each bond, with a total cost of 1.25 mln USD. This will be the 4th interest payment on SOCAR bonds. Previous interest payments were made on the 17th day of January, April and July. The bond owners have gained $ 3.75 mln so far from payments. After the next interest payment, annual profit of bond owners will reach $ 5 mln.
Notably, annual profitability of SOCAR bonds with a nominal value of $ 1,000 makes 5% or $ 50 per year. Interest is paid every 3 months. Because bonds are issued in dollars, their interest payments are also made in dollars. Interests are transferred to bank accounts of bond owners. They can use this money as they wish.
SOCAR bonds are the most purchased securities by physical and legal persons in the Azerbaijani securities market. The main advantages of the bonds are purchase guarantee and high liquidity at the nominal price by SOCAR. As a result, bonds price never fall below $1,000 and can be converted into cash in a few minutes. Due to these features, SOCAR bonds are currently considered one of the most profitable and affordable investment opportunities in the market. Private companies now prefer to keep their funds on SOCAR bonds.
In order to obtain SOCAR bonds from the secondary market, it is necessary to apply to "ASAN Service" centers No.1 and 5 or *1999 Hotline.