Starting from September 20, Oilmen’s Day, SOCAR will place corporate bonds with annual yield of 5% through mass supply.
Placement of corporate bonds with par value of US $ 1,000 will be carried out through the Baku Stock Exchange. At the same time, investors will be able to apply to the centers №№ 1 and 5 of ASAN Khidmet, as noted in the special website (http://socaristiqraz.az/) of SOCAR.
In the investment company Tekhnika Capital Turan was told that SOCAR most probably intends to place bonds for a total amount not less than $ 100 million in the market. The maturity period is 3-5 years.
‘SOCAR has extensive experience in placing securities with a yield not less than 5% in the European stock markets. Currently, commercial banks’ interest rate on dollar deposits is 3%. Therefore, you can expect a high interest of investors in SOCAR securities,’ said an analyst from Tekhnika Capital.
SOCAR plans to hold a presentation of the bonds on September 16.
SOCAR expects the completion of the placement of the securities until October 10 of this year. The interest payments will be made quarterly. -----08B
Economics
-
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.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review