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“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 Figyelő 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.