EBRD Issues Manat Bonds in Azerbaijan
The European Bank for Reconstruction and Development (EBRD) will issue manat-denominated bonds in Azerbaijan for the first time, with a volume of 50 million manat (≈29.5 million USD).
This issuance is considered a key milestone in Azerbaijan’s capital market, reinforcing the role of bonds in the national currency, with 500 bonds issued, each carrying a nominal value of 100,000 manat (≈59,000 USD).
This issuance is a key milestone in Azerbaijan’s capital market.
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Author's summary: EBRD issues bonds in Azerbaijan.