Baku, Azerbaijan, July 24
By Leman Zeynalova – Trend:
The value of international bonds on cbonds.com, which publishes information about international financial markets, is constantly updated in accordance with the demand in financial markets, Azerbaijan’s Southern Gas Corridor CJSC told Trend commenting on the updated data on cbonds.com website about Eurobonds issued by the company.
“We assume that the updated information is also of this type, since, with the exception of international bonds, (Eurobonds), no additional bonds were issued by the CJSC,” the company said.
The Southern Gas Corridor CJSC said it entered international capital markets on March 24, 2016 and March 15, 2017 and issued bonds worth $ 1 billion each with a coupon rate of 6.875 percent and maturity until 2026 in accordance with the 144a / regs requirements.
“The bonds were issued under the state guarantee. The income received from the issued international bonds totaling $2 billion was used to finance the share of Azerbaijan in the Southern Gas Corridor project in 2016-2017,” said the company.
The Southern Gas Corridor is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.
The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP was held on June 12, 2018 in the Turkish city of Eskisehir.
The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline.
Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) were connected on the Turkish-Greek border.
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