Fitch: Azerbaijani creditworthiness allows drawing funds on int'l markets
Azerbaijan, Baku, July 3 / Trend N. Ismayilova /
Placing of Eurobonds by Azerbaijan depends on the situation on international financial markets, Fitch Ratings associate director of sovereign analytical group Andres Clar told Trend.
"It depends on market situation, which is currently very volatile. Nevertheless, I believe that given the strong fundamentals of the creditworthiness, Azerbaijan can raise funds in international markets ", Clar said.
The Ministry of Finance will issue Eurobonds to the amount of $ 500 million. Managers of the government to implement the first issue of Eurobonds are investment banks Deutsche Bank AG London and Citigroup Global Markets Limited, which also remain unchanged.