Next coupons for SOCAR Bonds to be paid on April 17 | Banco.az

According to SOCAR Capital LLC, the second coupon payment for SOCAR Bonds in 2019 will be made. Total of 1.25 million USD - 12.5 USD per bondwill be transferred to the bank account of the National Deposit Center (NDC) in the Central Bank a week before.

Interests for SOCAR bonds are paid quarterly. This is the 10th scheduled payment for bonds with 5% coupon which will increase the total income of the bond holders to 12.5 million USD.

The total amount of the secondary market transactions on SOCAR Bondshas already exceeded 172 million USD. These securities  are currently considered as the most frequently traded debt securities in the Baku Stock Exchange – more than 110 trades in the first quarter of 2019 and total of 1,700 trades have been executed.

Keyadvantagesof these popular securities are existence of SOCAR’s warranty for repurchasing at nominal value anytime, high liquidity, ease oftradetransactions, and execution of interest payments in due timebased on established schedule.

On April 17, already the half of total coupon payments for SOCAR Bondswith 5 year maturity will befinished and the total income of the bond holders will equal 25 million USD at the maturity date.  SOCAR Bonds can be purchased at ASAN Service centers No 1 and 5.

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