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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Azerbaijan SWF denies plans to buy Hungary debt

Posted on 05 September 2012

Azerbaijan dismissed media reports it plans to buy Hungarian bonds, leaving Budapest to continue an extended search for new sovereign investors to help it cut uncomfortably high borrowing costs. Azerbaijan’s ambassador to Budapest told a newspaper the reports were “nonsensical”, while the country’s oil fund denied it had any such investment plans. Budapest had also denied the speculation.
“The state oil fund … is not considering any investment into debt obligations or other financial tools in Hungary,” it said in a statement on its website……………………………………..Full Article: Source


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