First interest payment on SOCAR green bonds

Today, the first interest payment on the green bonds of the State Oil Company of Azerbaijan (SOCAR) was made (according to the Issue Prospectus, if it falls on a non-business day, the coupon payment is made on the next business day).

SOCAR Capital informed Report that as a result of the first interest payment, $3 million has already been transferred to the accounts of bondholders.

Green bonds issued by SOCAR on January 15, 2025, in order to contribute to the broad and targeted steps taken by Azerbaijan in the field of green energy, have aroused great interest among investors.

SOCAR's green bonds, which have been in secondary market operations since March 7 and have caused another great revival in the domestic capital markets, have so far closed more than 330 deals worth $13.8 million on the Baku Stock Exchange (BSE).

SOCAR's outstanding bonds accounted for 66.5% of the deals on corporate bonds on the BSE during the current year.

SOCAR's green bonds, for which ABB Invest Investment Company is the market maker, were issued for a 5-year term with an annual yield of 6%. The bonds are exempt from all taxes, coupon payments are paid every 3 months, and will provide their holders with a total income of $60 million at the end of the term.