Azerbaijan decides to release state bonds to global market

On March 10-16, the Azerbaijani government is to carry out one-billion-dollar road-show of state bonds for the “Southern Gas Corridor” project in the global financial centers- London, New York, Los Angeles, San Francisco and Boston, Azerbaijani media reported citing the Ministry of Finance of Azerbaijan, reports “Armenpress”.

A delegation led by the Azerbaijani Finance Minister Samir Sharifov has left for the US, including representatives of the “Southern Gas Corridor” project and Azerbaijan’s state oil company SOCAR.

It is noted that bonds are provided for the funding of “Shah Deniz-2”, “Southern Caucasus Gas Pipeline”, Trans-Anatolian gas pipeline (TANAP) and Adriatic pipeline (TAP) projects.

According to the Azerbaijani government’s decision made on March 7, 2016, Citi Bank, UniCredit and JP Morgan banks are determined as authorized officers for the placement of bonds.

In its turn, Lazard FreresSAS company is the financial advisor of the Azerbaijani side.