Bank Of Baku

SOCAR’s foreign debt makes $1.6 bln

SOCAR’s foreign debt makes $1.6 bln
# 05 June 2012 10:19 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Foreign debt of SOCAR makes $1.6 bln, SOCAR’s vice-president on economic issues Suleyman Gasimov said, APA reports.

To him, the debt includes 5 enterprises, as well as Azneft, two processing plants, marketing office and head office.

As to structure of the debt, these are - $500 mln Eurobond, AZN 500 mln – state guaranteed debt, debt at amount of nearly $100-150 mln to Natixis Bank and $60 mln to Yapi Kredi Bank.

Gasimov says at present, the amount of the existing debt is manageable.
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