Next coupon payment on SOCAR bonds credited

Today, the 9th coupon payment was made on the bonds of the State Oil Company of Azerbaijan (SOCAR) in the amount of $1,125,000, Report informs, citing SOCAR Capital.

The nominal price of SOCAR bonds is 1,000 US dollars, the turnover period is 5 years, and the annual revenue is 4.5%. Interest income on bonds is paid quarterly.

The total profit of SOCAR bonds, which have become the most traded corporate security since the date of their listing on the Baku Stock Exchange, reached $10,125,000. At the end of five years, the total income will be $22.5 million.

Over the 27 months, the volume of secondary market transactions exceeded $40 million, and the number of closed deals increased to 700, indicating the high demand for SOCAR bonds.

SOCAR bonds, which can be obtained from ASAN service centers No. 1 and 5 and all licensed investment companies in Azerbaijan, have high liquidity, and their price has never fallen below their nominal value (USD 1,000).

The next coupon payment for SOCAR bonds will take place on May 1.