The 11thinterest payment for SOCAR bonds(3rd for the year)with annual coupon of 5% and quarterly coupon payments, were paid on July 17th, 2019. Thetotal revenue of the bond holders amounted to 13 million 750 thousand USD. In the forthcoming quarters, nine more coupon payments are scheduled for SOCAR bonds which will be on free market turnover until 2021. As the result, the holders of SOCAR bonds will earn additional 11 million 250 thousand USD (in total, 25 million USD).
According to information provided by “SOCAR Capital” LLC, total of 1.25 million USD, ( 12.5 USD per bond) has been transferred to the bank account of the National Deposit Center at the Central Bank a week ago.
Total volume of the secondary market operations of SOCAR bonds with the key features as repurchase guarantee by SOCAR,high liquidity, flexible trade operations and timely and scheduled coupon payments has reached over 175 million USD at the present time, and they currently are the most frequently traded securities at Baku Stock Exchange –1800 transactions were made in total, with 240 during the first semester of 2019.
More than half of total coupon payments for SOCAR Bonds which may be purchasedat ASAN Service centers No 1 and 5 and are issued for 5 yearshave been transferredby July 17th.
