Azerbaijan's Southern Gas Corridor Co starts investor meetings ahead of $1 bln bond

16:19 | 10.03.2016
Azerbaijan's Southern Gas Corridor Co starts investor meetings ahead of $1 bln bond

Azerbaijan's Southern Gas Corridor Co starts investor meetings ahead of $1 bln bond

Azerbaijan's Southern Gas Corridor company on Thursday began meetings with potential investors in Europe and the United States, preparing to launch a $1 billion Eurobond on international markets, the Finance Ministry said.
   
The meetings will be held in London, New York, Los Angeles, San Francisco and Boston until March 16, inclusive, and proceeds from the issue will be used to finance the Caucasus nation's current and future oil and gas projects, the ministry said.
   
Azeri Finance Minister Samir Sharifov said in January the company planned to place $2 billion in bonds on international financial markets in the first half of February.

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