March 24, 2016 / 4:50 AM / in 3 years

Azerbaijan's Southern Gas Corridor sells $1 bln Eurobond - finance ministry

BAKU, March 24 (Reuters) - Azerbaijan’s Southern Gas Corridor company has sold $1 billion in a 10-year Eurobond, the finance ministry said on Thursday.

“Demand for the Azerbaijan’s Southern Gas Corridor bond was secured in a great part by investors from the United States and Great Britain,” the ministry said in a statement.

The Eurobond was sold 80 basis points above Azeri sovereign bonds, with a coupon of 6.875 percent, the ministry added.

Reporting by Nailia Bagirova; Writing by Lidia Kelly; Editing by Jacqueline Wong

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