Demand for SOCAR bonds doubled

Demand for SOCAR bonds doubled
  • Clock-gray 10:23
  • calendar-gray 11 October 2016

SOCAR told APA-Economics that the process of collection of order for SOCAR bonds, of which pre-orders has started since September 20, ended successfully on October 10.


The pre-orders, which were collected in association with ASAN Service, International Bank of Azerbaijan, Azer Turk Bank, Xalg Bank, Kapital Bank, Rabitabank, AzFinance, InvestAZ, PASHA Capital and PDG Capital (underwriter), will be distributed on October 12, placed on October 13 after turning into final orders. The second market operations will start on October 17 after approval of the Financial Markets Supervisory Authority up to October 14.


Total worth of the orders collected makes up 203.604 million. Preference will be given to the individuals.


The final results will be specified since October 14. Demands of investors, which were not met, will be transferred to their bank accounts and this process will end on October.


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