EBRD set to launch first bond issue in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) is preparing to issue its first-ever bonds in Azerbaijan, marking a significant milestone for the country’s financial market.

According to local media, the announcement was made by Isabella Laurent, EBRD Deputy Treasurer and Head of Financing, during the panel discussion “The Role of International Financial Institutions in Local Financial Markets” at the Azerbaijan Fixed Income Forum.

Laurent explained that the EBRD team is now in the final stages of preparation: “We are currently finalising the offering circular, and the process of concluding agreements between the Baku Stock Exchange (BSE) and the National Depository Centre (NDC) is ongoing.”

She expressed optimism about the timeline, noting: “We hope that all this work will be completed soon and that within a week or two, the issuance of floating rate notes will begin. This will be a decisive and exciting moment for the Azerbaijani bond market.”

Laurent also clarified that the first issue would be modest in size, focusing on reliability and confidence-building: “To ensure maximum reliability of the operation, strong partnerships have been established with ABB-Invest, BSE, NDC, and the Central Bank.”

By Tamilla Hasanova