SOCAR pays $ 20 million to bondholders

SOCAR bonds that have become the most frequently referred securities for investment for already four years brought in 1 million and 250 thousand USD income once again to their holders due to the 16th interest payments made on October 17. Thus, the total revenue of the bondholders raised to 20 million USD.

According to SOCAR Capital, the quarterly interest payments of $ 1.25 million for the SOCAR bonds with $1000 nominal value, 5-year return period, and 5% annual profitability, of which interests are paid quarterly, have already been deposited to the bank accounts of the bondholders.

The indicators of the high demand for SOCAR bonds exceed the amount of remarketing transactions 193 million USD, the reaching of concluded deeds 2,300, the being of them the mostly circulated corporate financial tool, and the exceeding of the REPO transactions 36 million USD.

In case of need for cash, the bondholders without a need to sell their bonds may get short-term funds by making a REPO transaction and take out a loan under favorable conditions by providing their bonds as a guarantee in banks. In these cases, interest incomes are not lost.

The next interest payment for the SOCAR bonds, which may also be obtained from ASAN Service Centers No 1 and 5, will be held on January 17, 2021. For further details, investors may contact *19 99 without hesitation at any time.