The European Bank for Reconstruction and Development (EBRD) has announced the upcoming release of its first bonds in Azerbaijan, which will be a significant event for the local financial market. This step underscores the deepening cooperation between the EBRD and the republic.
The upcoming debut was announced by the Deputy Treasurer and Head of Funding at the EBRD Isabella Laurent on the panel “The Role of International Financial Institutions in Local Financial Markets” during the Azerbaijan Fixed Income Forum.
According to Laurent, the preparation process is actively being finalized. The bank’s team is in the final stage of working on the offering circular, and intensive work is underway to conclude the necessary agreements between the Baku Stock Exchange (BSE) and the National Depository Center (NDC).
“We hope that all these works will be completed soon, and within one or two weeks, the launch of floating-rate bonds will begin,” said Isabella Laurent. She called this moment “crucial and at the same time exciting” for Azerbaijan’s bond market.
Although the first issue will not be large in volume, the EBRD is paying special attention to its reliability. To this end, strong partnerships have been established with leading local players: ABB-Invest, the Baku Stock Exchange, the National Depository Center, and the Central Bank of Azerbaijan.
