US and EU investors have purchased euro bonds of SOCAR
Edited by Rhod Mackenzie / 2015-03-30 03:47:08
The US and UK investors have become the main buyers of SOCAR’s euro bonds.
On March 12th 2015 SOCAR issued 15-year euro bonds for $750 mln with the rate of 6.95% per annum.
The organizers the deal were Deutsche Bank и JP Morgan.
Mostly the US investors purchased the bonds – 41% of the total volume.
The inventors from the UK were the second – 39%, EU investors – the third (18%).
The managing funds purchased 93% of the total emission, banks – 5%, pension funds -2%.
SOCAR considers the reason of a good interest in euro bonds to be the economic development of Azerbaijan, results of a stable economic growth of the country.
