Azeri SOCAR to complete Eurobond buyback in February

09:30 | 18.01.2017
Azeri SOCAR to complete Eurobond buyback in February

Azeri SOCAR to complete Eurobond buyback in February

Azeri state energy company SOCAR plans to complete its buy back of its outstanding Eurobonds worth $97 million before Feb. 18, SOCAR's vice president Suleyman Gasymov said on Tuesday.

SOCAR issued its debut five-year Eurobonds worth $500 million in 2012.

Gasymov said the company had started to buy back its Eurobonds at the end of 2016.

"We have already bought back our Eurobonds worth $403 million and preparations for a purchase of the remaining $97 million is underway," Gasymov told reporters.

He said that SOCAR did not plan new issues this year.

www.ann.az
0
Follow us !

REKLAM