Baku. 15 January. REPORT.AZ/ The first interest payments in 2018 will be made for SOCAR bonds, the most traded securities in Azerbaijan.
Report informs referring to SOCAR Capital, on January 17, bondholders will receive $ 12.5 for each bond. Total amount of payments will be $ 1.25 million. This will be the first profit of bondholders this year. In 2017, they have earned $ 5 million on these bonds.
The funds have already been transferred to account of the National Depository Center in the Central Bank of Azerbaijan: "On January 17, they will be in bank accounts of bondholders."
Notably, five-year bonds of State Oi Company of Azerbaijan Repblic were issued in October 2016. The annual yield of bonds with a nominal value of $ 1,000 is 5% or $ 50 per year, the interest is paid every 3 months, 4 times a year.
The main advantages of the bonds are their high liquidity, as well as a full repayment guarantee at a nominal price of $ 1,000, so their value does not fall below this mark.
At the same time, recently launched repo (re-purchase) operations allow bondholders to receive preferential loans (3.5% per annum) against securities.
To purchase SOCAR bonds on the secondary market, you should contact the ASAN Service Centers No 1 and No 5 or call hotline *1999.