"Kaspi" publications

Black Sea Trade and Development Bank proceeds to issue manat bonds

Black Sea Trade and Development Bank proceeds to issue manat bonds
The Black Sea Trade and Development Bank (BSTDB) registered the first issue of manat bonds in Azerbaijan worth 10 million manats, Trend reports referring to the Financial Market Supervisory Authority (FIMSA) of Azerbaijan.
According to FIMSA, the total amount of manat bonds, which the BSTDB plans to issue, will make up 50 million manats. Issues will be carried out in tranches during the year, and placed at the Baku Stock Exchange (BSE).
This is the first case of international financial institution issuing securities in local currency in Azerbaijan.
According to FIMSA, this will support the development of entrepreneurship in Azerbaijan, and will provide "access to long-term cheap financial resources of small and medium-sized enterprises."
Azerbaijan is one of 11 founders and members of the BSTDB since its foundation in 1997. The country's share in the bank's share capital is 5 percent, the current portfolio of the bank for projects in Azerbaijan is estimated at 53.86 million euros.



News feed

Exchange Rates

Tipi Ədə. Adı AZN
USD 1 1 ABŞ dolları 1.7
EUR 1 1 Avro 1.8722
GEL 1 1 Gürcüstan larisi 0.5762
GBP 1 1 İngiltərə funt sterlinqi 2.111
IRR 100 100 İran rialı 0.004
SEK 1 1 İsveç kronu 0.1761
CHF 1 1 İsveçrə frankı 1.714
KWD 1 1 Küveyt dinarı 5.5927
TRY 1 1 Türkiyə lirəsi 0.2967