The next coupon payment on SOCAR bonds was deposited into the bondholders’ accounts on May 1, 2024. SOCAR bonds have a par value of $1,000, a maturity period of 5 years, and a 4.5% coupon rate paid on a quarterly basis, Report informs, citing SOCAR Capital.
Following the 10th coupon payment, the second SOCAR bonds yielded $1.125 million in income for bondholders, contributing to a cumulative total income of $11,250,000.
Since their public offering on the Baku Stock Exchange, SOCAR bonds have consistently remained among the most in-demand corporate securities, continuing to attract significant investor interest. Combined, the 2016 and 2021 issuances of SOCAR bonds have generated over $36 million in total income for investors since their introduction in 2016.
The secondary market has witnessed an impressive volume of operations, surpassing $44 million, with over 700 transactions recorded during the past two and a half years. This robust activity underscores the strong demand for these bonds.
SOCAR bonds, available for purchase at SOCAR bond kiosks established in ASAN Service Centers No. 1 and 5, as well as through registered investment companies in Azerbaijan, maintain high liquidity. Notably, their secondary market price has consistently remained above the par value of $1000.
The next coupon payment on SOCAR bonds will take place on August 1, 2024.
It should be noted that official information on SOCAR bonds is available only in ASAN Service Centers No. 1 and 5, for investment companies registered in our country, as well as by phone number and on the websites mentioned above.