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Eurobond redemption under SGC reduces Azerbaijan's external liabilities

15 September 2026 12:04 (UTC +04:00)

In the first six months of 2026, Azerbaijan’s portfolio investment liabilities decreased by approximately $2 billion, Samir Nasirov, Director of the Statistics Department of the Central Bank of Azerbaijan, stated at a briefing dedicated to the release of the balance of payments, APA-Economics reports.

According to him, the main reason for the decrease in portfolio investment liabilities was the redemption of Eurobonds issued within the framework of the Southern Gas Corridor project.

Samir Nasirov noted that this operation led to a reduction in Azerbaijan’s external debt obligations and eased the financial burden.

It should be noted that in the first six months of 2026, a deficit of $3 billion was recorded in the capital and financial account. One of the main factors behind the deficit was the increase in foreign financial assets and changes in financial liabilities.

Rahim Tariverdiyev

Azerbaijan Southern Gas Corridor SGC Eurobonds portfolio investments external liabilities external debt Central Bank of Azerbaijan Samir Nasirov capital and financial account balance of payments APA-Economics