(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.