SOCAR pays fifth interest on green bonds

The State Oil Company of Azerbaijan (SOCAR) has completed its fifth interest payment on green bonds, transferring a total of $3 million to bondholders, SOCAR Capital said.

The latest coupon payment brings cumulative investor income to $15 million since the issuance of the bonds, Caliber.Az reports per local media. 

SOCAR issued its green bonds on January 15, 2025, to support Azerbaijan’s renewable energy strategy. The bonds carry a 6% annual yield and a five-year maturity period and have attracted strong investor interest.

Trading of the bonds began on the Baku Stock Exchange (BSE) on March 7, 2025, contributing to increased activity in the domestic capital market. Since then, more than $35.5 million in transactions have been recorded across 512 deals.

The bonds are listed with ABB Invest Investment Company acting as market maker, and coupon payments are made on a quarterly basis. Total investor income is projected to reach $60 million by the time of maturity.

SOCAR bonds currently account for $114 million in trading volume on the BSE, with 1,726 transactions, representing 32.4% of all corporate bond trading activity. Since the first SOCAR bond issuance in 2016, investors have received a total of $60.25 million in interest payments.

Official information on SOCAR bonds is available through SOCAR’s 1999 call center, socarcapital.az, socaristiqraz.az, ASAN Service centers No. 1 and 5, and licensed investment companies in Azerbaijan.

By Sabina Mammadli