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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World leaders convened in the Netherlands on Tuesday for a pivotal two-day NATO summit that could see member states agree to a historic rise in defence spending—or expose sharp divisions within the 32-member alliance.
Kazakhstan’s Prime Minister Olzhas Bektenov and EBRD President Odile Renaud-Basso discussed cooperation in areas such as transport infrastructure, green energy, small and medium-sized businesses, agriculture, and information technology.
A deadly weekend attack on a hospital in Sudan claimed the lives of more than 40 people, including children and healthcare workers, drawing international condemnation.
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