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Azerbaijan sees corporate securities market spiked by 70%

07 February 2011 14:23 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Though, the soft monetary policy and conservative debt policy influenced the decrease of primary and secondary market of state securities market in 2010, corporate securities market increased and exceeded the total economy and financial sector.
According to State Committee, the corporate securities market has increased by 67% to AZN 762.4 mln. As the results of measures, the decrease rate of securities market has slowed, by the end of the period.
At the same time, share market rose 37.3% to AZN 470.3 mln, in 2010, including primary market of shares soared 16.5% to AZN 425.8 mln. Secondary market of shares (for the deals held at BSE) decreased by 2.7 times to AZN 15.5 mln, off-board secondary markets dropped 3.6 times to AZN 29 mln.
Corporate bonds rose by 2.5 times to over AZN 292 mln. Corporate instruments bonds with different YTM, terms and nomination have been put up to sale. Thus, the primary and secondary market of nominated bonds in foreign currency approximately tripled, compared to a year ago.
AMF has also continued to issue bonds during the same period. Thus, AZN 60 mln-mortgage bonds have been issued during 2010. 2 567 mortgage bonds have been registered and up 2.5 times from a year earlier.

Corporate securities
Type of security	2010		2009		Comparison on sum (%)
Type of security	Number of deals	Sum (manat)	Number of deals	sum (manat)	Comparison on sum (%)
Corporate securities	4 347	762 411 517	6 674	457 467 170	66.7
Shares	4 125	470 327 034	6 532	342 431 274	37.3
Share (placed at primary market)	1 835	425 794 983	2 998	196 648 619	16.5
Share (Secondary market – BSE)	2 065	15 554 689	2 937	41 929 959	-2.7 times
Share (secondary market – off-board)	225	28 977 362	597	103 852 696	-3.6 times
Corporate bonds	222	292 084 483	142	115 035 895	2.5 times
Corporate bonds (Placed at primary market), manat	103	112 660 042	64	50 750 835	2.2 times
Corporate bonds (Placed at primary market), USD	1	6 267 066	11	2 425 111	2.6 times
Corporate bonds (Placed at primary market), euro	1	1 053 799	0	0	-
Corporate bonds (secondary market - BSE), manat	105	164 132 563	34	61 262 301	2.7 times
Corporate bonds (secondary market – off-board), manat	5	7 505 000	13	195 000	38.5 times
Corporate bonds (secondary market), USD	7	466 013	20	402 648	15.7