Azerbaijan’s state oil company SOCAR has issued the third coupon payment on its five-year “green” bonds, transferring $3 million to bondholders, SOCAR Capital announced on Monday.
According to the company, the payment was executed in line with the bond prospectus, which stipulates that if a coupon date falls on a non-working day, the transaction is carried out on the next business day.
Trading activity on SOCAR’s green bonds has remained strong since the start of secondary-market operations on March 7. The Baku Stock Exchange (BSE) has registered 423 transactions worth $16.67 million on these securities alone.
In total, 1,566 transactions have been executed this year on SOCAR bonds currently in circulation — accounting for 36.5% of all corporate bond trades on the BSE. The total transaction value reached approximately $82.4 million.
Since the first issuance of SOCAR bonds in 2016, the company has paid $52 million in interest to citizens and investors.
SOCAR’s green bonds carry a 6% annual yield, are tax-exempt, and pay coupons quarterly. Over the five-year term, the bonds are expected to return a total of $60 million to investors.
Official information about SOCAR bonds is available via the hotline *1999, on the websites socarcapital.az and socaristiqraz.az, at ASAN Service Centers No.1 and No.5, and at registered investment companies in Azerbaijan.
