SOCAR puts up mid-term government bonds for auction
By:
SADRADDIN AGHJAYEV
An auction for the placement of state medium-term bonds of the State Oil Company of Azerbaijan in the amount of $100 million with a circulation period of five years was held on the Baku Stock Exchange (BSE).
According to the BSE, during the auction, 754 investors submitted 761 bids.
The annual interest rate for the bonds will be 4.5 percent, and payments on it to investors will be made every three months.