On January 14, 2025, the Listing Committee of the Baku Stock Exchange (BSE) issued a "Trading Admission Permit" decision to allow the trading of bonds issued by the State Oil Company of the Republic of Azerbaijan.
Based on the issuer's application, the subscription for these bonds will commence on January 15, 2025, and will continue until February 28, 2025, with trading scheduled to begin on March 7, 2025.
The placement of these bonds will take place after their admission to trading on the Baku Stock Exchange.
Information on bonds is as follows:
Name of the issuer | The State Oil Company of the Republic of Azerbaijan |
State registration number - ISIN | AZ2003019893 |
Type and form of bonds | Interest bearing bonds |
Trading type/form | Public placement / Subscription |
Number of bonds | 200,000 (pcs) |
Initial trade price | 1000 USD |
Release volume | 200,000,000 USD |
Annual rate of return | 6 % |
Payment period | Starting from the date of placement of the first bond, every 3 (three) months (assuming each month consists of 30 (thirty) days). |
Maturity period | 5 years |
Release date for trading | The placement of the bonds will commence after their admission to trading on the stock exchange. |
Underwriter | “PASHA Capital I.C.” CJSC |