BAKU, Azerbaijan, August 1. The 11th coupon payment of $1.125 million on SOCAR bonds, which have a par value of $1,000 and an annual interest rate of 4.5 percent with quarterly payouts, was successfully credited to bond holders’ accounts on August 1, Trend reports via SOCAR Capital.
Reportedly, the next coupon payment will be made on November 1 of this year.
“With this latest coupon payment, SOCAR bonds have again delivered $1.125 million in earnings to investors, bringing the total income for bond holders to $12,375,000. By the end of the 5-year term, the total income for bond holders is projected to reach $22.5 million.
The total trading volume in the secondary market has now exceeded $47 million, with 800 transactions completed. Since their public offering on the Baku Stock Exchange in 2016, SOCAR bonds have generated more than $37 million in total income for investors,” the company said.
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