He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens.
Abdullayev pointed out that SOCAR is implementing a new strategy to strengthen its positions at the international level.
Eurobonds have been issued successfully, he said, adding that issuing bonds on the domestic market is an important step for diversifying financing channels and creating investment opportunities for the population.
SOCAR president pointed out that bonds can be obtained only by Azerbaijani citizens and local companies. SOCAR, for its part, guarantees the liquidity of the issued securities and the possibility of selling them at any time, he added.
Moreover, foreign individuals and legal entities can buy bonds from their owners on the secondary market, said Abdullayev.
SOCAR intends to diversify its financing channels
16 September 2016
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Azerbaijan’s state oil company SOCAR intends to diversify its financing channels, the company’s president Rovnag Abdullayev said Sept.16.
