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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.
The subscription period for the securities of the State Oil Company of the Republic of Azerbaijan commenced on January 15, 2025, and continued until February 28, 2025.
The subscription-based placement of SOCAR bonds was successfully completed at the Baku Stock Exchange on March 7, 2025.
As the trading results of the mentioned securities meet the requirements of Article 3.18 of the "Rules for Admission to Trading, Listing, Keeping and Delisting of Securities at Baku Stock Exchange" mentioned bonds are included in the Main Market Listing segment.
In the placement, 4% of the orders were made by legal entities, while 96% were placed by individual investors.
As the bond issuance is aimed at financing "Green Energy" projects, these bonds are listed under the "Green Bond Market" segment of the Baku Stock Exchange and represent the first bonds classified under this category. For reference, no annual listing fee is charged for bonds listed under the "Green Bond Market" segment.
Information on the bonds is as follows:
Name of the issuer | State Oil Company of the Republic of Azerbaijan |
State registration number - ISIN | AZ2003019893 |
Type and form of bonds | Bond interest bearing, unsecured title |
Trading type/form | Public placement/Subscription |
Number of bonds | 200,000 (pcs) |
Initial trade price | 1,000 USD |
Release volume | 200,000,000 USD |
Nominal(Placement) Price | 1,000 USD |
Realized Volume | 200,000,000 USD |
Total volume of orders (at nominal price) | 220,000,000 USD |
Number of investors | 412 |
Number of orders | 510 |
Underwriter | "PASHA Capital I.C." CJSC |
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