SOCAR bonds soar again

Baku. 3 July. REPORT.AZ/ The demand for SOCAR bonds in the secondary market has sharply increased.

Report was told by PSG Kapital, a market maker on secondary market of the bonds, it is possible to sell SOCAR bonds for $ 1,010.17 and to buy for $ 1,013.50 at the stock market.

It was noted that the reason of the rise in prices is related to  increase of population’s demand for bonds: "Liquidity, the possibility to convert immediately to money, high profitability, SOCAR's repurchase guarantee, and timely payment of interest rates have made bonds attractive for investment. As a result, the number of individuals and legal entities willing to buy these securities is increasing. "

Since the beginning of the secondary market for SOCAR bonds, more than $ 156 million has been traded.

Additionally, since November last year, REPO operations were also started with SOCAR bonds.

The REPO transaction mechanism allows the holders of SOCAR bonds to lend credit on short-term and affordable terms by depositing bonds in the Baku Stock Exchange (BSE).

More than $ 27 million credit was given by mentioned securities till today.

The annual profitability of SOCAR bonds, with a nominal value of $ 1,000 , is 5%.

The interest is paid 4 times a year, in every 3 months. The next interest payment will be on July 17.