Socar to place debut Eurobond issue next week
Azerbaijan’s state energy firm Socar will place its debut Eurobond issue worth $500 million on February 9, Dow Jones Newswires reported Friday.
The yield of the Eurobond issue will be 5.45 percent per annum. The maturity date of the primary Eurobond issue is set for February 9, 2017. The bonds will be included in the listings of the UK Listing Authority and the London Stock Exchange.
The issuers are the Royal Bank of Scotland (RBS), Citibank and Deutsche Bank. Nomura International Plc. and Societe Generale S.A. are the managers for the issuance.
The investors' representative is the Deutsche Trustee Company Limited and the main agent for payments and transfers is Deutsche Bank AG’s London subsidiary.
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