ADB intends to issue bond in Azerbaijan

Baku: Chairman of the State Committee for Securities Rufat Aslanli has met with the delegation of Asian development Bank.

According to SCS, Aslanli noted that a new draft law on securities market is being developed jointly with local and foreign experts and expressed his assurance that this new law defining legal and economic principles of regulation and control of the state in the market will be adopted in the near future.

The chairman also said that Azerbaijan has close cooperation with Korean stock exchange in supply and installation of information systems in Azerbaijan, as well as development of trade and post-trade infrastructure in Azerbaijan’s capital market.

ADB delegation head Pierre Van Peteghem noted that the ADB attaches importance to cooperation with SCS to issue bonds in the local market.

Thereafter, they exchanged opinions on registration procedures of planned bonds in Azerbaijan, participation of local and foreign institutional investors including pension funds, insurance companies and financial institutions, in the investing in abovementioned bonds and priorities of future partnership strategy.

SOURCE: Azeri Press News Agency