BAKU, Azerbaijan, April 14. The State Oil
Firm of Azerbaijan (SOCAR) has repaid the principle debt on Eurobonds
positioned on the London Inventory Trade, the press service of SOCAR
In accordance with the press service, the worth of Eurobonds issued in
circulation amounted to $1 billion with an annual yield of 4.75
p.c and a placement interval of 10 years. Throughout this era,
bondholders obtained a complete of $475 million.
Moreover, Petkim Petrokimya Holding additionally repaid the principal
debt on Eurobonds positioned on the Irish Inventory Trade, the press
The annual coupon yield of Petkim Eurobonds, issued for a interval
of 5 years, amounted to five.875 p.c. The nominal value of
these Eurobonds was $1,000, and over the interval of circulation, the
market value rose to $1,031. Traders made a complete revenue of $147
million over 5 years.
In whole, buyers obtained a revenue of $622 million on
Eurobonds of Petkim Petrokimya Holding and SOCAR.
At current, in accordance with the press service, SOCAR bonds value
$750 million are traded on worldwide capital markets, and $100
million on the Azerbaijani market.
Thus, SOCAR seeks to take care of the standing of a dependable companion
each within the worldwide and home capital markets, the press
SOCAR has 51 p.c of the shares in Petkim Petrokimya