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.
