14:49 - 19.10.2026

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October 19, Fineko/abc.az. SOCAR Turkiye, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), has secured a $1.6 billion long-term syndicated financing facility led by First Abu Dhabi Bank (FAB) and Mizuho Bank to refinance its existing liabilities.

The transaction, which attracted participation from 22 international banks across Europe, the Middle East, and Asia, was oversubscribed by 1.8 times. Issued under SOCAR’s corporate guarantee, the 5-year facility carries an interest rate of SOFR + 230 basis points.

Rovshan Najaf, President of SOCAR and Chairman of SOCAR Turkey, highlighted that securing such large-scale financing on favorable terms amid global market uncertainties underscores strong international investor confidence and significantly enhances the Group's liquidity profile.