EBRD prepares for first bond issuance in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) is preparing to launch its first bond issuance in Azerbaijan, Isabelle Laurent, EBRD's Deputy Treasurer and Head of Funding, said at the "Role of International Financial Institutions in Local Financial Markets" panel at the Azerbaijan Fixed Income Forum, Report informs.

She stated that the bank is finalizing its offering circular and continues work on agreements between the Baku Stock Exchange (BSE) and the National Depository Center (NDC).

"We hope to complete these preparations soon and begin issuing floating rate notes. The transaction is expected to take place within one or two weeks. This will be both an exciting and pivotal moment for Azerbaijan's bond market," Laurent noted.

She emphasized that the initial issuance will be modest in size to ensure stability.

"We've built strong partnerships with ABB-Invest, BSE, NDC, and the Central Bank to make sure the operation is as secure as possible," she added.