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H1 GS market reaches AZN 4 bln in Azerbaijan

31 July 2014 13:41 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Government securities market in the first half of 2014 rose 55% to AZN 4 bln, State Committee for Securities told APA-Economics.

In March, 2014, the Ministry of Finance placed AZN 1.25 bln-eurobonds in the foreign markets. The eurobonds attracted institutional investors of over 160 countries and the demand exceeded supply by 4 times.

At the same time, the trading with the Ministry’s bonds in the local markets increased by 9% to AZN 60.7 mln. The growth was observed in both markets of the government bonds. So, AZN 47.9 mln-government bonds were placed during the reporting period, up 3% from previous year. Secondary market of these instruments soared 43% to AZN 12.7 bln.

The trading with the CB notes in the primary market dropped 39% to AZN 109.1 mln, while trading of such instruments in the secondary market surged 6.98 times to AZN 302.8 mln. Totally, the trading in the note market grew 84% to AZN 411.9 mln.

Repo/ reverse repo operations increased by 53% to AZN 3.5 bln during the same period.