State Oil Company of Azerbaijan

08 Mar 2013

Rating: Ba1/-/BBB-

Amount: $1bn

Maturity: 13 March 2023

Issue/fixed re-offer price: 100.00

Coupon: 4.75%

Spread at re-offer: 282.8bp over US Treasuries

Launched: Wednesday 6 March

Payment date: 13 March

Joint books: Deutsche Bank

Bookrunner’s comment:

The book was $3bn for the deal. The bond size was $1bn, which is the double the size of Socar’s debut.

Price guidance had been first released earlier in the day at 4.9% ...

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