EBRD launches first manat-denominated bonds in Azerbaijan
Azerbaijan, Oct. 2 -- The European Bank for Reconstruction and Development (EBRD) has made its inaugural Azerbaijani manat (AZN) domestic bond issue, auctioned over the Baku Stock Exchange and cleared through the National Depository Centre.Interest payments on the AZN 50 million (€25 million) one-year floating rate note reference the AZIR (the Azerbaijan Interbank Rate) index. The bond was lead-managed by ABB-?nvest ?nvestment Company and Unicapital ?nvestment Company. An application has been made for the bond to be listed on the Baku Stock Exchange.The proceeds of the successful issuance will support the EBRD's AZN lending in Azerbaijan.AZIR was established by the Central Bank of Azerbaijan in May 2023 and modified in May 2025 with t...
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