BAKU, Azerbaijan, Jan.19
By Leman Zeynalova – Trend:
High demand for new SOCAR bonds in the secondary market directly affected their price, and deals worth $ 1,085 were closed on the stock exchange in 2021, SOCAR Capital told Trend.
The company didn’t rule out that investors will show great interest in SOCAR bonds in the secondary market this year as well.
“In the local stock market, bonds are placed on the Baku Stock Exchange with the brokerage of investment companies and over-the-counter. In order to increase the opportunity for everyone to easily invest in the publicly offered SOCAR bonds, there are kiosks in ASAN Service Centers #1 and #5. Investment companies that provide brokerage services to investors in the purchase and sale of bonds can also provide remote services, if necessary, in accordance with the law,” said 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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