Date of next interest payment on SOCAR bonds announced

Oil&Gas Materials 15 April 2021 12:59 (UTC +04:00)
Date of next interest payment on SOCAR bonds announced

BAKU, Azerbaijan, Apr.15

By Leman Zeynalova – Trend:

The next interest payment on SOCAR bonds is scheduled for April 17, SOCAR Capital told Trend.

The company noted that technical preparations are underway for issuing new SOCAR bonds this year.

The 4th year of SOCAR bonds issued for the domestic market in 2016 for a period of 5 years is over, and the demand for SOCAR bonds has continued to grow over the years, SOCAR Capital.

With the first bonds issued in 2016, SOCAR has achieved great success in the securities market and has maintained the status of the most traded security since the first day of circulation in the secondary market.

The first issue of SOCAR bonds ensured a significant revival in the domestic capital markets. Demand for $100 million worth bonds exceeded $200 million.

SOCAR Capital’s main tasks are: ensuring access to capital markets for SOCAR Group companies through alternative financial instruments; ensuring that all investors, especially Azerbaijani citizens, have a direct share in SOCAR's revenues; directing non-active funds to profitable sectors of the economy by creating new alternative investment opportunities; supporting the sustainable development of Azerbaijan's financial markets.


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