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Why does Azerbaijan need Hungarian stocks
13:55 25/08/2012 » Daily press
`Golos Armenii' has published a material with the following title,
`Why does Azerbaijan need Hungarian stocks?' which reads:
Azerbaijan is looking to buy Hungarian government bonds of 2 to 3 year
maturity, on a scale of EUR 2 to 3 billion, Hungarian weekly FigyelÅ`
learned from an Economy Ministry source.
The currency of the debt and issue is not clear from the article; the
bonds would be probably denominated in Azerbaijani manat. Turkey might
also involved in the deal but most likely in an intermediary role
only. The issue is seen as delivering benefits to both Hungary and
Azerbaijan. Importantly, the transaction might possibly precede an
agreement between Hungary and the EU/IMF, something that could create
uncertainty among Western investors as to whether Hungary's government
is genuinely committed to reaching a deal with the international
organizations.
Source: Panorama.am
13:55 25/08/2012 » Daily press
`Golos Armenii' has published a material with the following title,
`Why does Azerbaijan need Hungarian stocks?' which reads:
Azerbaijan is looking to buy Hungarian government bonds of 2 to 3 year
maturity, on a scale of EUR 2 to 3 billion, Hungarian weekly FigyelÅ`
learned from an Economy Ministry source.
The currency of the debt and issue is not clear from the article; the
bonds would be probably denominated in Azerbaijani manat. Turkey might
also involved in the deal but most likely in an intermediary role
only. The issue is seen as delivering benefits to both Hungary and
Azerbaijan. Importantly, the transaction might possibly precede an
agreement between Hungary and the EU/IMF, something that could create
uncertainty among Western investors as to whether Hungary's government
is genuinely committed to reaching a deal with the international
organizations.
Source: Panorama.am