By Christine Van Dusen
Atlanta, Feb. 2 - The State Oil Co. of the Azerbaijan Republic (Socar) priced a $500 million issue of 5.45% notes due Feb. 9, 2017 (Ba1/BB+/BBB-) at par to yield 5.45%, a market source said.
The notes priced in line with talk, which was set at the 5½% area.
Citigroup, Deutsche Bank and RBS were the bookrunners for the Regulation S deal.
Socar is a state-owned oil and gas company based in Baku, Azerbaijan.
| Issuer: | State Oil Co. of the Azerbaijan Republic (Socar)
|
| Amount: | $500 million
|
| Maturity: | Feb. 9, 2017
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, RBS
|
| Coupon: | 5.45%
|
| Price: | Par
|
| Yield: | 5.45%
|
| Trade date: | Feb. 2
|
| Settlement date: | Feb. 9
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | 5½% area
|
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