Starting today, subscription began for "green" bonds issued by the State Oil Company of the Republic of Azerbaijan (SOCAR) aimed at supporting renewable energy projects.
That the bonds with a nominal value of $1000 will provide owners with an annual yield of 6%. The bonds are issued for a 5-year term with coupon payments every 3 months. The total issue volume is $200 million, and the subscription period ends on February 28.
Funds raised from the "green" bonds will be directed to priority national projects and investments in green energy. The project is being implemented under the slogan "green income, green future."
One of the goals of the bond issue is to contribute to Azerbaijan's initiatives in the green energy sector.
