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--
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