Bond holders’ income exceeds $11 million

Bond holders’ income exceeds $11 million Bond holders’ income exceeds $11 million https://innews.media/en/news/id-29895

According to the SOCAR Capital Company, the next coupon payment on SOCAR bonds was deposited to the bondholders’ accounts on May 1, 2024. SOCAR bonds have a par value of $1,000, maturity period of 5 years, and a 4.5 % coupon rate paid a quarterly basis.

Following the 10th coupon payment, the second SOCAR bonds yielded $1.125 million in income for bondholders, contributing to a cumulative total income of $11,250,000.

Since their public offering on the Baku Stock Exchange, SOCAR bonds have consistently remained among the most in-demand corporate securities, continuing to attract significant investor interest. Combined, the 2016 and 2021 issuances of SOCAR bonds have generated over $36 million in total income for investors since their introduction in 2016.

The secondary market has witnessed an impressive volume of operations, surpassing $44 million, with over 700 transactions recorded during the past two and a half years. This robust activity underscores the strong demand for these bonds.

SOCAR bonds, available for purchase at SOCAR bond kiosks established in ASAN Service centers No 1 and 5, as well as through registered investment companies in Azerbaijan, maintain high liquidity. Notably, their secondary market price has consistently remained above the par value of $1000.

The next coupon payment on SOCAR bonds will take place on 1 August 2024.

For further information please contact *1999 and socarcapital.az, socaristiqraz.az

It should be noted that official information on SOCAR bonds is available only in ASAN Service centers No 1&5, investment companies registered in our country as well as by phone number and on the websites mentioned above.