Azerbaijan puts off planned bond sale until 2016

The postponement was caused by "unfavorable” market conditions, Sharifov said.

The Caspian Sea nation may sell 500 million euros of bonds next year, he said.

The minister said the size of the planned bond sale in euros will depend on the market demand. 

"We do not urgently need to borrow,” Sharifov said. "We will borrow at the right time when the prices are cheap.”