On March 7, 2025, the “Opening Bell” event was held to mark the placement of new "green" bonds issued by the State Oil Company of Azerbaijan (SOCAR) in support of its renewable energy projects. With the opening bell, the placement of SOCAR's 200,000,000 USD bonds began in the capital market.

The event was attended by Mikayil Jabbarov, Chairman of the SOCAR Supervisory Board and Minister of Economy, Rovshan Najaf, President of SOCAR, Ogtay Gasimov, Deputy CEO of the Executive Board of the Baku Stock Exchange, Chief Commercial Officer, and Bəhruz Nağıyev, Chairman of the Supervisory Board of “Pasha Capital” Investment Company, who all delivered opening speeches.

In his speech, Ogtay Gasimov, Deputy CEO of the Board of the Baku Stock Exchange and Chief Commercial Officer, noted that the bond issuance by SOCAR through the Baku Stock Exchange is a successful outcome of the measures being taken to develop the financial sector in our country. He emphasized that this initiative would not only contribute to the development of the financial sector but also play a special role in creating new investment opportunities for citizens. He expressed confidence that the bonds being issued by SOCAR would positively impact the country's securities market, creating profitable and reliable investment opportunities for the citizens.

It should be noted that the nominal value of each of the offered bonds is 1000 US dollars, the annual interest rate is 6%, the payment period is every 3 (three) months, and the maturity period is 5 years. The underwriter for the placement is “PASHA Capital” I.C. CJSC.

This bond issue is specifically aimed at financing environmental and ecologically sustainable projects.

At the end of the event, a bell was rung to symbolize the launch of the bonds on the initial market. Thus, the bonds began trading on the Baku Stock Exchange's trading platform.