Azerbaijan’s state oil company SOCAR will issue US dollar bonds for Azerbaijani citizens from September 20, said the company’s website. The bonds will be on sale till October 10.
The nominal value of each bond is $1,000. The annual bond yield is 5%. Interest income is not taxable and will be paid quarterly.
The bonds will be sold from the centers of ASAN Service #1 and #5.
The population will be able to get the interest income in the International Bank of Azerbaijan, Kapital Bank, Rabitabank and Xalq Bank.
Market maker services will be rendered by AzFinance, InvestAZ, PASHA Capital and PSG Capital investment companies. (Trend/Business World Magazine)