Southern Gas Corridor is a major energy infrastructure project initiated to enhance Europe’s energy security through the transportation of natural gas from the Azerbaijani Shah Deniz field to European markets. The corridor comprises key pipelines including the Trans-Anatolian Natural Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP), which collectively facilitate the flow of gas across multiple countries, strengthening energy ties between Asia and Europe.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SGCAZE 6.88% - USDSouthern Gas Corridor | United States | — | 6.875 | 4.57 |
| SGCAZE 6.88% 2026-03-24 USDSouthern Gas Corridor | Azerbaijan | 2026-03-24 | 6.875 | 4.57 |
| SGCAZE 6.88% 2026-03-24 USDSouthern Gas Corridor | Azerbaijan | 2026-03-24 | 6.875 | 4.57 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Southern Gas Corridor has issued several bonds to finance its expansive infrastructure projects, with the first bond issuance occurring in 2018. Notable among these was a €500 million bond issued in 2020, which attracted significant investor interest due to its competitive yield of 2.75% compared to the industry average of 3.2%. The bonds often feature unique elements, including inflation-linked returns, which further enhance their attractiveness in volatile markets. Recent news highlighted a successful refinancing effort that managed to lower the overall cost of capital, reflecting the issuer's robust financial health and favorable market conditions.