SOCAR sells $750-million bonds mostly to US investors

16:15 | 29.03.2015
SOCAR sells $750-million bonds mostly to US investors

SOCAR sells $750-million bonds mostly to US investors

Azerbaijan’s state oil company SOCAR sold 41 percent of its $750-million bonds to US investors, the company said on its website.

The US was followed by the United Kingdom, which bought 39 percent of the 15-year bonds.

The rest of Europe got 18 percent. Other regions of the world bought 2 percent.

SOCAR said 93 percent of the bonds were sold to fund managers, 5 percent to banks and 2 percent to pension funds.

It was the third bond sale by the Baku-based company.
 
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