SOCAR issues $200M "green bonds" to boost climate finance in Azerbaijan, supporting renewable energy and zero-emission goals by 2050. Invest by Feb 28, 2025.
Azerbaijan’s state-run oil company set to issue inaugural “green bonds” which will definitely boost climate finance market in the country.
On 15th January, SOCAR will issue 200,000 bonds with a nominal value of $1,000 each. Offering an annual yield of 6%, the bonds will provide quarterly interest payments. Investors can purchase the bonds until February 28, 2025.
PASHA Capital Investment Company serves as the underwriter for this issuance initiative, while “green bonds” will be available at SOCAR Bonds kiosks in ASAN centers, as well as through investment companies registered in Azerbaijan.
Sustainability-linked bonds offer SOCAR Green new funding to support renewable energy projects and investments reinforcing its commitment to accelerating SOCAR’s transition to a zero-emission national energy company by 2050.
Established in 2024, SOCAR Green is a subsidiary of SOCAR initiating large-scale solar, wind, and green hydrogen projects through strategic partnerships with international leaders in renewable energy.
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Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
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