State Oil Company of Azerbaijan, also known as SOCAR, was founded in 1992 and is headquartered in Baku, Azerbaijan. The company plays a crucial role in the oil and gas industry, focusing on the extraction, production, and export of hydrocarbons. SOCAR’s primary offerings include crude oil, natural gas, petrochemicals, and refining services, positioning it as a key player in the global energy market.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SOIAZ 6.95% 2030-03-18 USDState Oil Company of Azerbaijan | Azerbaijan | 2030-03-18 | 6.950 | 4.78 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SOCAR began issuing bonds in 2017 as part of its broader financing strategy to support infrastructure and development projects. One notable issuance was the $1 billion bond in 2019, which offered a yield of 3.5%—competitive within the emerging markets space. SOCAR's bonds are often backed by the company's robust oil and gas reserves, providing added assurance to investors. The company has maintained a consistent bond issuance program, adapting to market conditions and investor interest, thus enhancing its financial flexibility and capacity for growth.