Bank Of Baku

SOCAR to place first Eurobond emission next week - UPDATED

SOCAR to place first Eurobond emission next week - <font color=red>UPDATED</font>
# 03 February 2012 09:13 (UTC +04:00)
According to information, the volume of the issue is $500,000,000, term of circulation – 5 years, annual YTM – 5.45%. The maturity date is February 9, 2017. Interest payment will be implemented in per half year.

Note that, rating of issue was determined by Moody’s Agency at “Ba1”, by Standard & Poor’s – at “BB+” and by Fitch Agency – at “BBB-“.
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THE OPERATION IS BEING PERFORMED