SOCAR takes bonds to secondary market

Baku. 18 October.REPORT.AZ/ 90% of orders for bonds issued by the State Oil Company of Azerbaijan Republic (SOCAR) made by Azerbaijani citizens.

Report informs, SOCAR President Rovnag Abdullayev said at the press conference held on completion of sale of the company's bonds and launch of secondary market operations.

According to him, 2-fold more - 203 mln. USD demand than stipulated in the issue prospectus for the bonds  is a positive case for development of the domestic capital market.

R. Abdullayev noted that the bonds will be repurchased through market makers at nominal price (1 000 USD) until circulation in 2021. Also, now, foreign nationals and legal persons may get bonds at secondary market.