Petkim pays next interest on Eurobonds

Petkim Holding, in which the main share is owned by SOCAR, paid the third interest on Eurobonds in the amount of $500 million placed on the Irish Stock Exchange, Report informs referring to the Public Disclosure Platform of Turkey.

Petkim totally transferred $14,687,500 on the accounts of the Eurobonds owners.

On January 26, 2018, Petkim (Petrokimya) Holding placed the first issue of Eurobonds in the amount of $500 million on the Irish Stock Exchange. The annual yield of bonds with a maturity of 5 years will be 5.875%.

SOCAR holds 51% stake in Petkim in 2008. The remaining shares of the holding are in circulation on the Istanbul Stock Exchange.