SOCAR bonds price up again

SOCAR bonds price up again Selling price of securities has not changed
Finance
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November 4, 2016 14:07
SOCAR bonds price up again

Baku. 4 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 about 2 USD in the secondary market.

Report informs citing the Baku Stock Exchange (BSE).

According to information, purchase price of the bonds now makes 1 012 USD. Selling price has not changed and remains at 1 025 USD..

Thus, SOCAR's profit margin on each bond sale reduced from 15 USD to 13 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. 

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