Socar Trading scores $300m despite downgrade
The international distribution arm of the State Oil Company of Azerbaijan (Socar) has signed a $300m loan with 15 lenders despite a recent downgrade.
The loan, which was initially launched at $200m, was increased due to oversubscription. It has a tenor of one year and a margin of 190bp over Libor.BNP Paribas, Crédit Agricole, ICBC, ING, MUFG and Rabobank were mandated lead arrangers and bookrunners. Rabobank ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org