Azerbaijan: bonds

Azerbaijan is a transcontinental country in the Caucasus region, situated at the crossroads of Eastern Europe and Western Asia.

Azerbaijan has the largest agricultural basin in the region. Two-thirds of Azerbaijan is rich in oil and natural gas.

Azerbaijan's high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway. Long-term prospects depend on world oil prices, Azerbaijan's ability to negotiate export routes for its growing gas production, and its ability to use its energy wealth to promote growth and spur employment in non-energy sectors of the economy.

The manat (AZN) is the currency of Azerbaijan.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
AZN 36 351 847 300
USD 3 1 262 000 000
corporate
AZN 19 417 425 000
USD 17 4 324 173 208

Sovereign rating

Rating AgencyRatingRating scaleDate
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
CB of Azerbaijan, 0% 8feb2017, AZN (50100253S) - Domestic bonds 0% 5 000 000  AZN 01/11/2017 02/08/2017
CB of Azerbaijan, 0% 1feb2017, AZN (50100153S) - Domestic bonds 0% 3 507 500  AZN 01/05/2017 02/01/2017
CB of Azerbaijan, 0% 25jan2017, AZN (50100952S) - Domestic bonds 0% 10 222 700  AZN 12/28/2016 01/25/2017
Azerbaijan, 0% 27jun2017, AZN - Domestic bonds AZ0102027510 0% 10 000 000  AZN 12/27/2016 06/27/2017
Azerbaijan, 0% 26dec2017, AZN - Domestic bonds AZ0104028516 0% 10 000 000  AZN 12/27/2016 12/26/2017
CB of Azerbaijan, 0% 18jan2017, AZN (50100852S) - Domestic bonds 0% 45 577 700  AZN 12/21/2016 01/18/2017
Azerbaijan, 0% 20jun2017, AZN - Domestic bonds AZ0102025514 0% 15 000 000  AZN 12/20/2016 06/20/2017
Azerbaijan, 0% 14mar2017, AZN - Domestic bonds AZ0101024518 0% 10 000 000  AZN 12/13/2016 03/14/2017
Azerbaijan, 0% 30may2017, AZN - Domestic bonds AZ0102023519 0% 20 000 000  AZN 11/29/2016 05/30/2017
Azerbaijan, 0% 16may2017, AZN - Domestic bonds AZ0102022511 0% 19 000 000  AZN 11/15/2016 05/16/2017

World Bond market statistics

Quarterly indices

Type III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015
BIS volume of internetional-bond market of emerging countries
Azeri international bonds, USD bln 5.700 5.700 5.700 4.500 4.500 4.500 4.500
BIS net issues of internetional-bond market of emerging countries
International-bond net issue of Azerbaijan, USD bln 0.000 0.000 1.300 -0.100 0.000 0.000 0.868

CIS Bond Market statistics

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Bond market (other CIS)
Gov. bonds outst., USD mln (Azerbaijan) 239.83 172.28 153.24 163.02 155.94 152.80 152.42
Corp. bonds outst., USD mln (Azerbaijan) 710.51 726.76 771.73 782.74 681.45 695.49 1 963.53
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Currencies

Daily indices

Type: 01/17/2017 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017
Exchange rates of Central Banks (CIS)
USD/AZN  1.8045 1.7867 1.7867 1.7742 1.7742 1.7742 1.7742
EUR/AZN  1.9201 1.8959 1.8970 1.8809 1.8719 1.8824 1.8677
RUR/AZN  0.0302 0.0300 0.0301 0.0297 0.0295 0.0296 0.0298
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Money market

Periodic indices

123Type: Current value Change Last update
CIS Central Banks Rates
CB of Azerbaijan refinancing rate, % 15.00 6 14.09.2016

Macroeconomic Indicators (CIS)

Monthly indices

Type Sep 2016 Aug 2016 Jul 2016 Jun 2016 May 2016 Apr 2016 Mar 2016
Macroeconomic indicators (CIS)
Monthly Inflation, % (Azerbaijan)  2.30 0.50 -0.30 -0.50 -0.10 0.20 0.40
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Аrchives

Yearly indices

Type 2015 2014 2013 2012 2011 2010 2009
old and liquidate
GDP at current prices (Azerbaijan), USD mil. 34 819.00 75 188.00 73 560.50 68 800.00 63 660.52 54 370.00 43 056.00