SOCAR to release bonds

The State Oil Company of the Azerbaijani Republic (SOCAR) plans to release corporate bonds for the domestic market, the company’s president Rovnag Abdullayev said at the «Azerbaijan 2020: Outlook to the Future» international conference in Baku, 1news reports.

Abdullayev reminded that bonds released for the international market in 2012 had been a success. The company plans to boost the domestic market with bonds worth 500 million manats.

They will be available for purchase by companies and individuals.

Adapted from vestnikkavkaza.net