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SOCAR completes debut Eurobond transaction

06 February 2012 08:45 (UTC +04:00)

According to SOCAR, placement of Eurobonds was interested by investors and consequently, volume of issue ordered by 290 investors made $4.6 bln.

Volume of issue was $500 mln, annual YTM â€“ 5.45%. The maturity date is until 2017.

Joint Lead Managers are Citi Group Global Markets Ltd, Deutsche Bank AG (London branch) and The Royal Bank of Scotland Plc. Co-Managers are Nomura International Plc. and Societe Generale S.A.Trustee is Deutsche Trustee Company Ltd. Principal Paying and Transfer Agent is Deutsche Bank AG (London branch).

Eurobonds were placed among the investors of England (46%), US offshore (12%) and Asia (4%). As a result of placement, 63% of Eurobonds were purchased by managers, 16% - by banks, 11% - by insurance companies and pension funds, 10% - by hedge funds.,