Southern Gas Corridor gets $750m loan as deliveries start

Southern Gas Corridor, the 3,500km pipeline system costing $45bn that will run through Azerbaijan, Georgia, Turkey, Greece, Bulgaria, Albania and Italy, has signed a syndicated loan with guarantees totalling $750m-equivalent, as it begins its first commercial deliveries to Turkey.

  • By Mike Turner
  • 04 Jul 2018


The loan and guarantees are split between $500m and €215m tranches. The World Bank arranged the syndication.

Multilateral Investment Guarantee Agency (Miga), the insurance agency of the World Bank, and the Azerbaijan government have provided guarantees for the financing. 

The funds will go towards the $8bn Trans-Anatolian Pipeline (Tanap), on ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 334,387.22 965 10.74%
2 Bank of America Merrill Lynch 306,767.83 985 9.85%
3 Citi 185,855.67 546 5.97%
4 Wells Fargo Securities 177,295.98 652 5.69%
5 MUFG 128,947.03 747 4.14%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 3,639.74 13 7.32%
2 Citi 3,471.92 10 6.98%
3 JPMorgan 3,173.44 8 6.38%
4 Mizuho 2,968.52 9 5.97%
5 Sumitomo Mitsui Financial Group 2,575.67 5 5.18%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 14,742.32 70 7.07%
2 Credit Agricole CIB 12,540.25 55 6.01%
3 Deutsche Bank 11,856.29 46 5.68%
4 Goldman Sachs 10,876.28 46 5.21%
5 HSBC 10,815.72 51 5.18%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 35,544.70 147 6.51%
2 JPMorgan 32,630.93 64 5.98%
3 UniCredit 29,482.91 134 5.40%
4 SG Corporate & Investment Banking 29,116.48 111 5.33%
5 Credit Agricole CIB 26,776.31 135 4.90%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%