In order to successfully implement an issue of sovereign Eurobonds, it is necessary to appear on the international capital market with a minimum of $250 mln. , Samir Sharifov, Azerbaijan`s Finance Minister told, Trend reports.
According to him, the limit on external borrowings in 2007 is a means to an aim. At a limit of $1 bln. about $300 mln. are envisaged on issuance of the Eurobonds.
The Finance Minister thought that the optimal period of circulation for the first issue is 5 years Deutsche Bank, international rating agency Fitch Ratings, City Group, the Country`s consultant on attracting the second rating agency are offering their assistance to Azerbaijan in this direction. About 20 further banks (Commerz Bank, BNP Paribas, etc.) have offered their aid in issuing Eurobonds to the Azerbaijani Government as well.