BAKU, Azerbaijan, March 7. SOCAR (State Oil Company of Azerbaijan Republic) has received over 500 orders for its Green Bonds, totaling $220 million, during an auction held by the Baku Stock Exchange (BSE), Trend reports via the BSE.
The auction was conducted for the placement of $200 million worth of interest-bearing, unsecured, and undocumented bonds. A total of 412 investors placed 510 orders for the 200,000 bonds, each valued at $1,000.
Consequently, the subscription method for SOCAR bonds was successfully completed at the Baku Stock Exchange. The bonds will be included in the main market segment in accordance with the requirements set out in paragraph 3.18 of the BSE's “Rules of Admission, Listing and Delisting of Securities”.
As many as 96 percent of the orders were made by individual investors, while the remaining 4 percent came from legal entities.
The bonds are part of SOCAR's initiative to fund "Green Energy" projects and will be listed in the BSE's "Green Bond Market," making them the first bonds in this category.
Here are the details of the bonds:
|
Issuer name |
State Oil Company of the Republic of Azerbaijan (SOCAR) |
|
State registration number – ISIN |
AZ2003019893 |
|
Type and form of bond |
Bond interest-bearing, unsecured, unsecured, registered |
|
Trading method/form |
Mass / Subscription registration |
|
Number of bonds |
200,000 (units) |
|
Initial trading price |
$1000 |
|
Issue volume |
$200 million |
|
Nominal (Placement) price* |
$1,000 |
|
Realized volume |
$200 million |
|
Total volume of orders (at nominal price) |
$220 million |
|
Number of investors |
412 |
|
Order number |
510 |
|
Underwriter |
"PASHA Capital Co., Ltd." CJSC |
To note, the Listing Committee of the Baku Stock Exchange (BSE) approved the trading of bonds issued by the State Oil Company of Azerbaijan Republic (SOCAR) on January 14, 2025.
The subscription for SOCAR’s securities began on January 15, 2025, and will continue until February 28, 2025.
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