The 10th coupon payment of SOCAR Bonds that produce 5 percent revenue a year andpay every 3 months,was made andthe total revenue of bond holders increased to 12 million and 500 thousand USD. In forthcoming quarters, 10 more coupon payments will be made for SOCAR Bonds of which circulation will continue until 2021, which will earn extra 12 million and 500 thousand USD (25 million USD in total) for its holders.
According to SOCAR Capital Company, the second coupon payment for SOCAR Bonds in 2019 was made on April 17. It is stated that total 1.25 million USD, 12.5 USD per bond were transferred to the bank account of the National Deposit Center (NDC) in the Central Bank a week before.
The total amount of the remarketing transactions of SOCAR Bonds of which key properties are SOCAR’s warranty for repurchasing from nominal price, high liquidity, ease of purchase and sale transactions, and making of interest payments in due time on the established schedule, has already exceeded 172 million USD and they are most frequently traded securities in the Baku Stock Exchange – more than 110 contracts in the first quarter of 2019 and total 1,700 contracts have been concluded. As a result of a big demand, even the market-maker sale price of SOCAR Bonds has increased to 1,046 USD.
On April 17, already the half of total coupon payments for SOCAR Bonds that may be obtained from ASAN Service centers No 1 and 5 and were issued for 5 years was finished.
According to provided information, the next coupon payment for the bonds will be made on July 17.