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Samir Sharifov Embarks on a Visit to US

Preparations for the floatation of bonds issued by the company "Southern Gas Corridor" on the international markets in order to finance projects of "Shahdeniz-2", "Southern Gas Corridor", "Trans Adriatic Pipeline" (TANAP) and "Trans Adriatic Pipeline" (TAP) have started.

According to the decision of the Cabinet of March 7, 2016, "CitiBank" "UniCredit", "JP Morgan" were chosen for the placement of bonds with state guarantees in international financial markets, and the company "Lazard Freres SAS" is acting as financial adviser to the Azerbaijani side.

The delegation headed by Finance Minister Samir Sharifov, composed of representatives of the "Southern Gas Corridor" company and the State Oil Fund, will meet with investors in London, New York, Los Angeles, San Francisco and Boston on 10-16 March, 2016.

Depending on market conditions, the bond issue is expected to reach $ 1 billion.

Source: News.Az
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