Selling price of SOCAR bonds increased

Baku. 25 October. REPORT.AZ/ The PSG Capital Investment Company acting as a market maker action on the bonds of the State Oil Company of Azerbaijan Republic (SOCAR), has again increased purchase and sale prices of the securities in the secondary market.

Report informs citing the Baku Stock Exchange.

According to the information, purchase price of the bonds rose from 1 001.08 USD to 1 001.11 USD, selling prices from 1 015.4 USD to 1 016.11 USD.

Notably, secondary market of the SOCAR bonds was launched on October 17. Currently, the company owns 100 000 bonds in the turnover at par value 1 000 USD each. Repurchase guarantee bonds of SOCAR will be in circulation until 2021. The annual yield is 5%. Interest are paid every 3 months.