BAKU, Azerbaijan, March 11
By Fidan Babayeva - Trend:
The bonds of the State Oil Company of Azerbaijan (SOCAR), which expire in 2021, with a yield of five percent per annum and payment of interest every three months, have become the best-selling instrument in the Azerbaijani securities market during four years, Trend reports with reference to the report of the Azerbaijani Cabinet of Ministers for the last year.
Following the report, by the end of 2020, a total of $20 million was paid to the holders of SOCAR bonds, thereby the 16-percent payment on securities was made.
The company was transferred to the management of the Azerbaijan Investment Holding to improve SOCAR's activity, increase the transparency and economic efficiency of investment programs, in accordance with the order of the Azerbaijani president dated November 6, 2020.
The next payment of interest on SOCAR bonds will be made on April 17, 2021.
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