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28.10.2016 10:01

SOCAR bonds rise in price

Azerbaijani state oil company SOCAR’s bonds, which are on sale at the Baku Stock Exchange (BSE), have risen in price by 1 percent, SOCAR said Oct. 27.

“The selling price of the bonds with a nominal price of $1,000 has increased by 1 percent and now amounts to $1,010,” reads the SOCAR message.

Deals worth $151,500 on 150 SOCAR bonds were concluded at the BSE on Oct. 27, Trend reports.

“The day before, bonds worth $1001.25 amounting to $3 million in total were in circulation at the BSE. Currently, SOCAR bonds are being sold at $1016.39 at the BSE,” the message said.

SOCAR bonds’ sales in secondary market started on October 18. The nominal value of each bond out of 100,000 bonds amounts to $1,000.

The bonds’ circulation period is 24 months and the annual bond yield is 5 percent.

The interest is to be paid every three months.

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