Fourth coupon payment made on SOCAR green bonds

The State Oil Company of Azerbaijan (SOCAR) made the fourth interest payment on its green bonds today.

As reported to BAKU.WS by SOCAR Capital, the coupon payment totaling $3 million has already been transferred to the accounts of bondholders, and the cumulative investor income has risen to $12 million.

The green targeted bonds, issued by SOCAR on January 15, 2025, with the aim of contributing to the country's green energy strategy, attracted significant investor interest.

Since March 7 of last year, when secondary market operations were launched and domestic capital markets were once again invigorated, 447 transactions totaling over $22 million have been concluded on the Baku Stock Exchange (BSE) for SOCAR green bonds to date.

The trading volume for SOCAR bonds currently in circulation on the Baku Stock Exchange amounts to $97.6 million. The total number of transactions concluded is 1,620 (32.7% of corporate bond transactions on the BSE).

Since SOCAR's first bond issuance in 2016 to the present, SOCAR has made interest payments to citizens and investors totaling $56 million 125 thousand.

SOCAR's green bonds were issued for a 5-year term with an annual yield of 6%. The bonds are exempt from all taxes, coupon payments are made quarterly, and by the end of the term, they will generate a total of $60 million in income for bondholders.

It should be noted that official information about SOCAR bonds can only be obtained by calling *1999, on the websites socarcapital.az and socaristiqraz.az, at ASAN xidmət centers No. 1 and No. 5, as well as through investment companies officially registered in Azerbaijan.