Azerbaijan puts off planned bond sale until 2016
20.04.2015 18:24
Azerbaijan put off a Eurobond sale until next year from previously planned 2015 , Finance Minister Samir Sharifov told reporters in the capital, Baku.
The postponement was caused by "unfavorable” market conditions, Sharifov said.
The Caspian Sea nation may sell 500 million euros of bonds next year, he said.
The minister said the size of the planned bond sale in euros will depend on the market demand.
"We do not urgently need to borrow,” Sharifov said. "We will borrow at the right time when the prices are cheap.”
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