Halyk Finance Investment Idea: SOCAR

SOCAR – a vertically integrated state oil and gas holding of Azerbaijan: from production at key Caspian offshore fields to the end consumer, with oil refining capacities in Azerbaijan, Turkey, and Italy, stakes in main pipelines, and a network of filling stations in Azerbaijan, Turkey, Italy, Georgia, Ukraine, Romania, Switzerland, and Austria. A network of processing, transport, and retail assets, rather than individual production licenses, forms the company’s main cash flow stability – operating cash flow grew by 136% in 2025.

Investment thesis:  

• State support
• Gas infrastructure
• Expansion in refining and sales
• New production projects

Yield to maturity 5.80%
Minimum lot $200,000
Credit ratings Moody’s Baa3(Stable), S&P BB (Positive), Fitch BBB- (Stable)
Coupon rate 6.95%
Maturity date 03/18/2030

This offer is intended solely for qualified investors.