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Transactions with SOCAR bonds made $ 1.65 mln last week

Transactions with SOCAR bonds made $ 1.65 mln last week

On February 19-23, Azerbaijani securities market has carried out transactions with SOCAR bonds worth $ 1.65 mln.

Report was informed in the PSG Kapital, a market-maker of SOCAR bonds, last week 1,644 bonds were traded in the secondary market. Most of the bonds were bought by individuals, and average price was $ 1,005.05.

Transactions with SOCAR bonds reached $ 11.9 mln this year.

From moment of the circulation, the volume of transactions with SOCAR bonds made up $ 134.6 mln.

Notably, domestic market-oriented SOCAR bonds have been released in October 2016. The face value of the bonds is $ 1,000, annual profitability 5%. The market-maker of the issued bonds is PSG Kapital.

Pursuant to SOCAR’s repurchase guarantee, it is possible any time to redeem or sell the bonds for cash.