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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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