SOCAR completes debut Eurobond transaction

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 – 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.,
Volume of issue was $500 mln, annual YTM – 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.,
Finance

Azerbaijan increases average monthly salary by more than 11%

Inflation rate in Azerbaijan drops to 9.4%
SOFAZ's budget draft for 2024 to be proposed to President
