• $
  • €
  • ₽
  • ₺
  • £

Southern Gas Corridor to raise $1.8 bln abroad in 2017

Southern Gas Corridor to raise $1.8 bln abroad in 2017
29.05.2020 00:59
Azeri company Southern Gas Corridor plans to raise about $1.8 billion on international financial markets in 2017, Azeri Finance Minister Samir Sharifov said on Wednesday.

The company operates a gas pipeline being built from Azerbaijan through Turkey to Europe to deliver gas beginning in 2019 from the Shah Deniz gas field in the Caspian Sea.

"The government will continue to borrow abroad for the needs of the Southern Gas Corridor company under state guarantees," Sharifov told Reuters.

"We need to raise $3 billion and 60 percent of this sum will be borrowed on the international market in 2017," Sharifov said.

Sharifov said that he expected the first loan to be taken out in the first quarter of 2017. He did not specify how or from whom the money would be borrowed.
Southern Gas Corridor raised $1 billion via a 10-year Eurobond in March. The Eurobond was sold at 80 basis points above the price of Azeri sovereign bonds, with a coupon of 6.875 percent.

www.ann.az
Facebook
Go
Similar news
Similar news
Yelo Bank updates pre-trip inspection payments: VAT option added
Business 14:33
Yelo Bank updates pre-trip inspection payments: VAT option added
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Business 14:30
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Business 14:00
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Business 12:00
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Business 11:33
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Business 11:18
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Natural Gas Futures Rise on NYMEX for December Delivery
Business 11:00
Natural Gas Futures Rise on NYMEX for December Delivery
Precious Metals Fall on NYMEX/COMEX Trading
Business 10:29
Precious Metals Fall on NYMEX/COMEX Trading
Central Bank of Azerbaijan Releases Official Exchange Rates for Today
Business 09:59
Central Bank of Azerbaijan Releases Official Exchange Rates for Today
Anews TV

Our official Youtube channel

Subscribe