SOCAR places debut Eurobond issue

Azerbaijan, Baku, Feb. 3 / Trend I. Khalilova / The State Oil Company of Azerbaijan (SOCAR ) will place its debut Eurobond issue worth $500 million on Feb.9, Dow Jones Newswiresreports on Friday, . The yield of debut Eurobond issue hits 5.45 percent per annum. The maturity date of the primary Eurobond issue is set for February 9, 2017. SOCAR eurobonds will be included in a listing of Great Britain and Northern Ireland and the London Stock Exchange. According to the information, the issuers are the Royal Bank of Scotland (RBS), Citi Bank, and Deutsche Bank. Nomura International Plc. and Société Générale SA are the managers. The representative of the investors is Deutsche Trustee Company Limited. The main agent for payments and transfers is Deutsche Bank AG (London Branch). SOCAR includes Azneft production association (the companies producing oil and gas onshore and offshore), "Azerkimya" industrial association (chemical enterprises), Azerigaz industrial association (gas distribution). SOCAR is the only producer of oil products in the country (it has two refineries on its balance), and also owns petrol stations in Azerbaijan, Georgia and Ukraine. SOCAR is co-owner of the largest Turkish petrochemical complex Petkim. The company carries out the oil trade in various regions of the world through SOCAR Trading. Do you have any feedback? Contact our journalist at agency@trend.az