Azerbaijan to expand government securities market

Azerbaijan to expand government securities market
# 27 May 2009 15:44 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Azerbaijan intends to expand the government securities market, said Rufat Aslanly, Chairman of the State Committee for Securities.

According to him, the State Committee intends to expand the range of financial instruments.

“We are planning to stimulate the listing of companies on the Baku Stock Exchange, the expansion of primary and secondary markets for government bonds, issue of more long-term government bonds, release of corporate bonds, etc.,” he added.

Transactions on all instruments on the Baku Stock Exchange in January-April 2009 amounted to AZN 2 189.884 million, down 22,8% on the same period last year.
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