The next coupon payment on SOCAR bonds with a nominal value of $1,000, a maturity period of 5 years, an annual yield of 4.5% and coupon payments on a quarterly schedule has been credited to the accounts of bondholders on August 1, Report informs, citing SOCAR Capital.
SOCAR's new bonds, which have become the most invested security for the 9-month period of their placement on the Baku Stock Exchange, have brought their owners an income of $1,125,000 as a result of the third coupon payment. Thus, the total income bondholders have received up to date has increased to $3,375,000 (after 5 years, the total income will be $22.5 million).
SOCAR Bonds are the most traded corporate debt instrument on the Baku Stock Exchange, with a secondary market trade amount exceeding $23 million and the number of executed transactions reaching 220, indicating strong demand for SOCAR bonds.
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, and their price has never dropped below the nominal value (1,000 US dollars).
The next coupon payment on SOCAR bonds will take place on November 1, 2022.