Purchase and sale price of SOCAR bonds dramatically changed

Baku. 14 November. REPORT.AZ/ 'PSG Capital Investment Company' CJSC, which is a market maker of bonds issued by the State Oil Company of Azerbaijan Republic (SOCAR), has increased purchase price by 0,42 USD in the secondary market.

Report informs citing the Baku Stock Exchange (BSE).

According to information, purchase price of the bonds now makes 1 007,56 USD. Selling price has sharply reduced and now makes 1 018 USD, which is less by 7% than price in last week. 

Thus, SOCAR's profit margin on each bond sale reduced from 17,86 USD to 10,44 USD.

Notably, secondary market of the SOCAR bonds was launched on October 18. Currently, the company owns 100 000 bonds in turnover at par value 1 000 USD each. Repurchase guarantee bonds of SOCAR will be in circulation until 2021.

Annual yield is 5%. Interest are paid every 3 months.