BAKU, Azerbaijan, August 22. Out of Azerbaijan's internal state debt, which amounted to 16.5 billion manat ($9.7 billion) as of July 1 this year, 7.2 billion manat ($4.2 billion) comprised state securities in circulation, and 9.2 billion manat ($5.4 billion) were state-guaranteed obligations assumed by the government, Trend reports, referring to the Azerbaijani Ministry of Finance.
According to the data, on the reporting date, 19.5 percent of government securities had a maturity of one year, 67 percent had two and three years, and 13.5 percent had five years or more.
The average maturity term (AMT) of government bonds in circulation amounted to 1.51 years at the end of June. Concentration of current demand in the domestic financial market mainly on short-term (up to three years) government bonds, and lack of interest in treasury bonds with longer maturity ( five to seven years) led to a decrease in the AMT on government bonds.