The investment company PSG Capital has undertaken to act as market maker on SOCAR interest bonds, the allocation of which will be held on October 13-14.
The price of purchase and sale of SOCAR bonds on the secondary circulation level will not exceed 5% of the nominal value. At the same time, Baku Stock Exchange reported on September 28 that the issuer had given a guarantee that the purchase price of the bonds would not be less than the nominal value - $ 100 apiece.
According to the issue terms, the SOCAR corporate bonds issued in the amount of $ 100 million will be in circulation for five years. SOCAR promises to pay 5% interest on them. This interest will be paid quarterly.
The investment company CJSC PSG Capital is also the SOCAR securities underwriter. -----08D
Economics
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