The State Oil Fund of Azerbaijan (SOFAR) redeemed in full volume the second issue of bonds of the state JSC "Southern Gas Corridor." The volume of trade amounted to $ 1 billion 246 million and 355 thousand. The press service of the Foundation confirmed the facts of sale-buy on July 23 at the Baku Stock Exchange.
The bond maturity, 10 years, profitability - a six-month Libor plus 1%. Interest payments will be carried out every six months. As a seller broker was LLC "PSG Broker".
In May this year the corporation placed bond under the same terms worth $ 917,320,800.
The JSC "C"Southern Gas Corridor" was formed in February this year by the order of President Ilham Aliyev "for effective project management of the second stage of development of gas condensate field
"Shah Deniz" and the expansion of the South Caucasus gas pipeline, Trans-Anatolian (TANAP) and the Trans-Adriatic (TAP) gas pipelines."
Authorized capital stock is $ 100 million. The Ministry of Economy and Industry, controls 51% of the equity, SOCAR owns 49% share. --08D--
Economics
-
Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
-
On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
Leave a review