Socar mandates Citi, Deutsche, RBS for debut bond

The State Oil Company of Azerbaijan Republic has mandated Citi, Deutsche Bank and Royal Bank of Scotland to arrange a debut Eurobond, expected to be a $500m five year deal.

  • 09 Jun 2011

Socar is rated Ba1 by Moody’s and BBB- by Fitch.

The company last raised money in the loan market with a $100m one year bilateral deal via Deutsche Bank in November 2010, paying 150bp over Libor.

The issue is being keenly watched by fund managers keen on the revenues ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 5,647.81 35 5.97%
2 Morgan Stanley 5,428.62 33 5.74%
3 Citi 5,164.93 39 5.46%
4 HSBC 4,900.29 32 5.18%
5 BNP Paribas 4,712.84 24 4.98%

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1 BNP Paribas 2,424.26 9 10.57%
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4 Mitsubishi UFJ Financial Group 1,577.41 6 6.88%
5 ING 1,477.05 5 6.44%

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Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,942.03 15 9.59%
2 Bank of America Merrill Lynch 1,559.21 15 7.70%
3 Wells Fargo Securities 1,535.51 14 7.58%
4 JPMorgan 1,388.05 13 6.85%
5 Morgan Stanley 1,381.20 11 6.82%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 2,459.18 9 9.92%
2 UniCredit 1,892.23 6 7.63%
3 Bank of America Merrill Lynch 1,585.30 5 6.39%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.36%
5 ING 1,477.05 5 5.96%