The State Oil Company of Azerbaijan (SOCAR) has made the sixth interest payment on its green bonds today. The coupon payment totaling $3 million has been transferred to bondholders' accounts. Thus, the total income paid to investors on SOCAR's green bonds has reached $18 million.
It is noted that the green bonds, issued by SOCAR on January 15, 2025, to contribute to the country's green energy strategy, have attracted significant investor interest.
Since March 7 of last year, when secondary market operations began, 580 transactions totaling more than $55.6 million have been conducted on SOCAR's green bonds on the Baku Stock Exchange (BSE) up to today.
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 bring bondholders a total income of $60 million.
