SOCAR launches issuance of green bonds

The State Oil Company of Azerbaijan (SOCAR) will begin the process of issuing "Green Bonds" on January 15, 2025.

Report informs citing SOCAR that the bond issue volume is $200 million.

The emission is divided into 200,000 bonds with a nominal value of $1,000 per security. The coupon rate is 6% per annum, with coupon payments to be made quarterly. The bonds have a 5-year maturity period.

The final deadline for purchasing SOCAR's "green" bonds is February 28, 2025.

The funds raised from the bond placement will be directed towards financing renewable energy projects implemented by SOCAR Green LLC.

The "Green Bonds," underwritten by Pasha Capital Investment Company, can be purchased at ASAN xidmət centers No. 1 and No. 5, as well as at investment companies registered in Azerbaijan.

For detailed information, one can contact the call center at *1999 or visit the websites socaristiqraz.az and socarcapital.az.