Is SOCAR investment effecient?

Is SOCAR investment effecient? Most of the funds received by Azerbaijan’s state energy firm Socar from the placement of Eurobonds in the amount of $500 million were spent to pay the assets in Switzerland, purchased from Exxon Mobil, a Socar official told the Baku-based Trend news agency. Socar signed an agreement with Exxon Mobil to acquire its Swiss branch, Esso Schweiz GmbH, in November 2011. The company will operate under the brand name Esso... Read More

SOCAR Incurs Huge Debt, Raises Questions

SOCAR Incurs Huge Debt, Raises Questions CESD experts question the decision of SOCAR to incur long-term debt by issuing Eurobonds The State Oil Company of Azerbaijan (SOCAR) has completed the placement of debut issue of Eurobonds in London. The overall volume of orders applied by 290 investors made $4.6 billion.  The profitability of the initial placement of Eurobonds makes annual 5.45%. The date of payment for the initial issue is 9 February 2017. Eurobonds... Read More

SOCAR to place Eurobonds worth $500m

SOCAR to place Eurobonds worth $500m Azerbaijan’s state oil company SOCAR says it will place its debut Eurobonds with the UK Listing Authority and London Stock Exchange. The company has chosen Citigroup and Deutsche Bank to lead the issue, SOCAR said.. “Citigroup Global Markets Limited, Deutsche Bank AG (London branch) and the Royal Bank of Scotland act as joint lead managers, while Nomura International Plc and Société Générale S.A act... Read More