BAKU, Azerbaijan, November 2. SOCAR has made
the 20th and final interest payment on the bonds it issued in
2021.
According to SOCAR Capital, a total of $1.125 million has been
transferred to bondholders' accounts.
With this payment, total interest paid to investors over the
five-year period of the issuance has reached $22.5 million. As the
bonds have reached maturity, the full $100 million originally
invested has also been repaid to investors.
The bonds were issued on November 1, 2021, with an annual
interest rate of 4.5%. Interest payments were made every three
months.
During the initial subscription period, demand for the bonds
reached $380.413 million, approximately 3.8 times the total
issuance volume.
Trading in the bonds on the secondary market amounted to $85.4
million, with a total of 2,025 transactions recorded. In addition,
24 repo transactions involving the bonds were carried out, with a
combined value of $1.9 million.
SOCAR Bonds account for 25% of Azerbaijan's corporate bond
market. SOCAR has issued three series of bonds, in 2016, 2021 and
2025, with a combined value of $400 million.
Having contributed to the development of domestic capital
markets for more than a decade and attracted considerable investor
interest, SOCAR Bonds have recorded $360 million in
secondary-market turnover, with more than 6,000 transactions
conducted in total.
Including the latest payment, total interest paid to investors
across all SOCAR bond issuances has reached $65.5 million.
The Green SOCAR Bonds will remain in circulation until 2030.
Investors can purchase them at ASAN Service centres No. 1 and No.
5, as well as through investment companies officially operating in
Azerbaijan.
SOCAR has thanked investors for their strong interest in and
confidence in SOCAR Bonds.
For more information: 1999 | socaristiqraz.az |
socarcapital.az
