Information about 2nd coupon payment on SOCAR bonds

Information about 2nd coupon payment on SOCAR bonds

According to the SOCAR Capital Company, the next coupon payment at an amount of $1.125 million on SOCAR bonds issued with a maturity of 5 years at $1,000 par value, coupon rate of 4.5 % paid quarterly, will be transferred to the bond holders’ accounts on May 4th (since May 1, 2 and 3 are public holidays, the first following working day according to the legislation).


The new SOCAR bonds, which has become the most demanded securities since listing on Baku Stock Exchange, will once again earn $1.125 million of income to bond holders, as a result of the second coupon payment. The total income of bond holders, therefore, will reach $2.25 million (the total income for 5 years will be $22.5 million).


The fact that over 6 months the volume of the secondary market transactions has reached $21 million, the number of transactions exceeded 160, and SOCAR bonds has become the most traded corporate financial instrument on the Baku Stock Exchange indicates a strong demand for them.


In April this year, SOCAR bonds, which can also be purchased at ASAN Service Centers No. 1 and 5, traded on the Baku Stock Exchange at the highest price to date $1,094. The price of the bonds has never dropped below the par ($1,000).


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


For further information, please contact *1999 call center or visit socaristiqraz.az
 

 

 
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