SOCAR to issue dollar bonds for Azerbaijani citizens (UPDATE 2)
Details added (first version posted on 09:34)
Baku, Azerbaijan, Sept.9
By Anvar Mammadov - Trend:
Azerbaijan’s state oil company SOCAR will issue US dollar bonds for Azerbaijani citizens from Sept.20, said the company’s website.
The bonds will be sold till Oct.10, 2016.
The nominal value of each bond is $1,000. The annual bond yield is 5 percent. Interest income is not taxable and will be paid quarterly.
The bonds will be sold from the centers of ASAN Service #1 and #5.
The population will be able to get the interest income in the International Bank of Azerbaijan, Kapital Bank, Rabitabank and Xalq Bank.
Market maker services will be rendered by AzFinance, InvestAZ, PASHA Capital and PSG Capital investment companies.
Detailed information about SOCAR bonds will be provided during the presentation to be held Sept.16.
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