Today, the 9th coupon payment was made on the bonds of the State Oil Company of Azerbaijan (SOCAR) in the amount of $1,125,000.
According to Ednews, the nominal price of SOCAR bonds is 1,000 US dollars, the turnover period is 5 years, and the annual revenue is 4.5%. Interest income on bonds is paid quarterly.
The total profit of SOCAR bonds, which have become the most traded corporate security since the date of their listing on the Baku Stock Exchange, reached $10,125,000. At the end of five years, the total income will be $22.5 million.
Over the 27 months, the volume of secondary market transactions exceeded $40 million, and the number of closed deals increased to 700, indicating the high demand for SOCAR bonds.