Azerbaijan, Baku, Apr. 13 / Trend N.Ismayilova /
There is no need to risk fiscal stability and hastily deploy sovereign Eurobonds, Azerbaijani State Securities Committee Chairman Rufat Aslanli said.
"But, on the other hand, it can help major Azerbaijani companies attract external resources at low interest rates, and therefore the issue of Eurobonds is hailed," Aslanli said.
Earlier, the Azerbaijani Finance Ministry voiced plans to issue Eurobonds amounting to $500 million, but they were later postponed due to global financial crisis. Following the ministry's decision, the International Bank of Azerbaijan, UniBank and Standard Bank also postponed their plans to place Eurobonds.