Azerbaijan, Baku, Feb. 3 / Trend I. Khalilova /
SOCAR will place its debut Eurobond issue worth $500 million on Feb. 9, Dow Jones Newswires reported today.
The yield of the Eurobond issue will hit 5.45 per cent per annum. The maturity date of the primary Eurobond issue is set for February 9, 2017. They will be included on the listing of the UK and London Stock Exchange.
According to the press release 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 investors' representative is the Deutsche Trustee Company Limited. The main agent for payments and transfers is Deutsche Bank AG (London Branch).
SOCAR includes the Azneft production association (the companies producing oil and gas on and offshore), the Azerkimya industrial association (chemical enterprises) and Azerigaz industrial association (gas distribution).
SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia and the Ukraine. SOCAR is co-owner of the largest Turkish petrochemical complex Petkim. The company carries out oil trade in various regions of the world through SOCAR Trading.