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Southern Gas Corridor Sells $1 bln Eurobond: 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.