The Closed Joint Stock Company CanubQazDehlizi (Southern Gas Corridor) has started placement of bonds in the amount of $ 252,200,000 for a period of 10 years.
According to the Baku Stock Exchange (BSE), the issue is divided into 2,522,000 units with a par value of $ 100 for each security. Yields on it are a six-month "vacation" + 1% with interest payable semiannually. Underwriter of the accommodation is LLC PSG Broker.
Recall, this is the fourth issue of the bonds of CanubQazDehlizi. In May this year CanubQazDehlizi placed bonds in the amount of $ 917,320,800 for a term of 10 years, in July - bonds of $ 1,246,355,000 for a period of 720 days, in September - $ 101,120,000 for a period of 10 years.
On February 25, 2014 the Head of State signed a decree on the establishment of the company with an authorized capital of $ 100 million for effective management of the Stage 2 development of the gas condensate Shah Deniz field, the expansion of the South Caucasus gas pipeline, and the construction of TANAP and TAP.
The SOCAR share in the capital of the company is 49%, while the share of the state in the face of SOFAR is 51%. Funds are provided to the company in the form of long-term investments that should be returned. --17D-
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