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Prices of SOCAR's bonds may rise

Finance Materials 7 August 2020 18:27 (UTC +04:00)
Prices of SOCAR's bonds may rise

BAKU, Azerbaijan, Aug. 7

By Fidan Babayeva - Trend:

It is possible to forecast price growth for bonds of the State Oil Company of Azerbaijan (SOCAR) up to $1,030, Chairman of the Board of the Association of Stock Market Participants Jeyhun Ibrahimov told Trend.

SOCAR’s bonds have been in circulation for almost four years, said Ibrahimov.

“We have noticed that their prices are changing faster than other securities, due to the high activity on these bonds,” Ibrahimov noted.

On July 15, SOCAR made the 15th payment to bondholders in the amount of $1.2 million in interest.

According to SOCAR Capital, quarterly interest payments on SOCAR’s bonds with a nominal value of $1,000 with maturity of five years, an annual yield of five percent and payment of interest every three months, have already been transferred to the accounts of bondholders.

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