BAKU, Azerbaijan, October 1. Emission of
fluctuant rate bonds of the European Bank for Reconstruction and
Development (EBRD) taking place for the first time in Azerbaijan
serves to deepen the capital market, Chairman of the Board of
Directors of Baku Stock Exchange (BSE) CJSC Ruslan Khalilov said at
the “Opening Bell” event dedicated to the placement of EBRD bonds
on the BSE, Trend
reports.
In his view, it is imperative to await the commencement of
preliminary swap transactions among capital market stakeholders
subsequent to the bond issuance.
“This issuance will serve as the cornerstone for the inaugural
derivatives marketplace.” I anticipate a minimum of exchange
transactions occurring among market stakeholders. The issuance will
additionally bolster liquidity and enhance market dynamics,” the
official elaborated.
The EBRD has maintained a strategic presence in Azerbaijan for
more than three decades, following the country’s accession to the
institution on September 25, 1992. Since its accession, the EBRD
has cultivated a robust synergy with the nation, executing
substantial capital allocations and endorsing pivotal initiatives
across diverse sectors.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel
