
Azerbaijan has no plans to release another batch of Eurobonds this year. Finance Minister Samir Sharifov said it is not necessary at a press conference on Monday.
According to him, in 2014 Eurobonds were issued to assess the possibilities of sovereign debt repayment and access to finance of other issuers.
As you know, on March 12 the State Oil Company (SOCAR) issued Eurobonds worth $ 750 million at the rate of 6.95%. But because of the low attractiveness the planned another $ 250 million bonds were not presented to investors.
But according to the resource Global Capital, investors were not pleased with the high-yield securities of SOCAR in connection with low oil prices and the devaluation of the currency of Azerbaijan.
SOCAR issued the first Eurobonds for $ 500 million at the rate of 5.45% per cent in 2012. The second issue of bonds for $ 1 billion with a rate of 4.75% was in March 2013. -0-
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- Question-answer
- 20 April 2015 20:14
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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