Azerbaijan is expected to raise $1 billion in at least 10-year notes, Bloomberg reported, citing Peter Schottmueller from Deka Investment GmbH in Frankfur.

It will be the Caspian Sea nation’s debut Eurobond issue.

Schottmueller said he met with Azerbaijan’s Finance Ministry officials in Frankfurt on March 3.

“The bond will be well received,” Schottmueller said.

 Mais Piriyev, head of the press service at Azerbaijan’s Finance Ministry, said he cannot reveal details as talks are ongoing  with investors.

ANN.Az