Bank Of Baku

AZN 763M-bond issue planned for funding budget deficit in 2015 failed

AZN 763M-bond issue planned for funding budget deficit in 2015 failed
# 24 May 2016 09:16 (UTC +04:00)

In 2015, no government bonds were placed, at the same time, taking into account the previous years’ debt, AZN 84.1 mln debt on bonds issued in 2015 was repaid, of which AZN 77.5 mln was loan, AZN 6.6 mln interest.  

 

Consequently, in 2015 AZN 77.5 mln was paid for bonds placed in previous years. Of this, AZN 37.5 mln was paid through decline of budget receipts, AZN 40.0 mln from the part of service expenditures for internal public debt considered in the principal debt.  

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