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Foreign investors show great interest in Azerbaijan’s debt market

Business Materials 28 October 2014 16:53 (UTC +04:00)

Baku, Azerbaijan, Oct. 28

By Azad Hasanli - Trend:

The volume of foreign capital drawn to the stock market of Azerbaijan amounted to $1.041 billion as of 2013, the country's government told Trend Oct. 27.

Around $29.8 million of the total volume of drawn capital accounted for securities guaranteeing a share in the capital, while $1.011 billion were invested in debt securities.

The liabilities on portfolio investment amounted to $322.8 million ($5.7 million - securities that guarantee a share in the capital, $317.1 million - debt securities). The surplus on these investments amounted to $718.5 million.

In general, around $6.278 billion of direct investments were made in Azerbaijan in 2013. Around $5.170 billion (82.4 percent) accounted for the oil and gas sector, $1 007 billion (17.6 percent) - the non-oil sector. The repatriation of attracted investments amounted to $3.661 billion.

The financial assets in other investments totaled $9.958 billion, financial liabilities - $1.609 billion, balance - $8.348 million.

The net financial assets in loans and grants amounted to $256.1 million, net financial liabilities - $408.9 million in 2013.

Despite the net financial liabilities increased through the state loans ensured by the state ($409.7 million), banks ($362.8 million), they declined at the expense of other enterprises and companies ($363.5 million).

The net financial assets on deposits and cash currency increased by $ 4.9 billion, net financial liabilities - $1.020 billion. The net financial assets on trade loans and advances increased by $ 4.8 billion, net financial liabilities - $ 180 million.

Azerbaijan invested $1.477 billion in foreign countries, of which $ 1.039 billion (70.3 percent) accounted for the oil and gas sector, $438.9 million (29.7 percent) - the share of non-oil sector. During the reporting period, the balance of direct investments amounted to $1.139 billion.

edited by CN

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