Petkim starts to place its first Eurobond abroad

Petkim starts to place its first Eurobond abroad
# 26 January 2018 13:13 (UTC +04:00)

SOCAR’s Petkim Holding has today started to place Eurobonds worth $500 million on the Irish Stock Exchange.   

 

On January 22, agreements on the placement were signed with "Goldman Sachs International", "JP Morgan Plc", "Citigroup Global Markets Limited", "Societe Generale" and "VTB Capital Plc".

 

Circulation period is 5 years with annual YTM of 5.875%. The bonds are put to sale at 99.467% of face value.  

 

Interest payments will be made on July 26 and January 26 starting July 26, 2018 till the end of the period.

 

The maturity date is January 26, 2023. 

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THE OPERATION IS BEING PERFORMED