As of July 1, international sovereign bonds (Eurobonds) accounted for 30% of Azerbaijan's external public debt, amounting to $1.3873 billion, according to data from the Ministry of Finance.
Operative Information Center-OMM reports that this figure has remained unchanged since the beginning of the year.
According to the report, the Eurobond portfolio consists of two tranches with different maturity dates. The first portion, valued at $310.7 million with a coupon rate of 5.125%, is set to mature in 2029. The second portion, valued at $1.0766 billion with a coupon rate of 3.5%, is scheduled to mature in 2032.
Eurobonds are a key instrument for Azerbaijan in managing its external debt obligations and maintaining a presence in international capital markets. By issuing these bonds, the Republic of Azerbaijan diversifies its funding sources and establishes benchmarks for sovereign creditworthiness, allowing the state to finance strategic economic projects while adhering to prudent fiscal management policies.
