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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review