11th Coupon Payment Made on SOCAR Bonds

11th Coupon Payment Made on SOCAR Bonds 11th Coupon Payment Made on SOCAR Bonds https://innews.media/en/news/id-34121

SOCAR Capital Company has announced that 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% with quarterly payouts, was successfully credited to bond holders’ accounts on August 1.

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.

Since their issuance, SOCAR bonds have become the most sought-after securities on the local stock market. 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.

SOCAR Bonds can be purchased from SOCAR Bonds kiosks in "ASAN service" centers No. 1 and 5, as well as through official investment companies operating in Azerbaijan. For information purposes, we would like to inform that it is possible to subscribe to newly issued ABB Bank shares at SOCAR Bonds kiosks.

For more information, please contact *1999 or visit socarcapital.az and socaristiqraz.az.

Please note that official information about SOCAR bonds is available exclusively at ASAN Service Centers No. 1-5, registered investment companies, and through the contact details and websites provided above.