...

SOCAR VP for economic issues on debut Eurobonds payments (UPDATE)

Oil&Gas Materials 17 January 2017 17:32 (UTC +04:00)
The Azerbaijani state oil company SOCAR will finish the repayment of the principal amount on Eurobonds worth $500 million, issued in 2012

(Details added, first version posted at 12:28)

Baku, Azerbaijan, Jan. 17

By Maksim Tsurkov – Trend:

The Azerbaijani state oil company SOCAR will finish the repayment of the principal amount on Eurobonds worth $500 million, issued in 2012, said Suleyman Gasimov, SOCAR vice-president for economic issues.

He made the remarks at a press conference in Baku Jan. 17.

As of today, $403 million have been repaid and it is expected to repay the remaining $97 million by Feb. 18 through a loan from Deutsche Bank, Gasimov said.

The vice-president added that SOCAR is not planning to issue Eurobonds in 2017.

Debut issue of SOCAR Eurobonds was carried out in 2012 in the amount of $500 million with a yield of 5.45 percent and repayment in February 2017.

Tags:
Latest

Latest