Moody's Investors Service has assigned a Baa3 rating to the $1.25 billion 4.75 per cent Notes by the Republic of Azerbaijan. 

The Notes were issued at a price of 98.051 per cent of the principal amount of the Notes and will mature on 18th of March 2024. 

The bond rating matches the sovereign bond rating by the Republic of Azerbaijan, which was upgraded to Baa3 from Ba1 in April 2012. The outlook on the issuer rating is stable.

ANN.Az