Next interest on SOCAR bonds paid
On October 17, 2019, the next interest payment on SOCAR bonds was made. In this regard, $1.250.000 interest in total was distributed among bondholders. Thus, the income of the bondholders in total has reached $15.000.000. It is worth to recall that the annual yield of bonds with a nominal value of $ 1.000 is 5% and the National Depository Center acts as a Paying Agent for coupon payments of SOCAR bonds.
SOCAR bonds, having the advantages like high liquidity, convenience of transactions, are currently the most frequently traded debt securities at Baku Stock Exchange.
The next interest payment is expected to be made on January 17, 2020.