Baku. 28 September. REPORT.AZ/ The State Oil Company of Azerbaijan Republic (SOCAR) has taken a formal commitment to the purchase and sale of SOCAR bonds (ISIN: AZ2001019895) on the secondary market through PSG-Kapital Investment CJSC, which is a member of the Baku Stock Exchange (BSE).
Report informs referring to the BSE.
According to information, the liquidity of traded shares on the secondary market will be fully provided by SOCAR quotations submitted in accordance with the trading rules of the BSE.
This means that bond holders are not required to wait until the end of the 5-year period of treatment, and may at any time to return the securities to BSE, getting back all the nested amount.
At the same time, the market-maker on bonds PSG-Kapital investment company daily will establish a 5% price range (the difference between the purchase and sale) and bond prices. The issuer guarantees that the quoted price is not lower than the nominal value of the securities.
From 10:00 am the quotes will be posted by a market maker in the electronic trading system of the BSE and BSE web page.