BSE starts diversifying its financial assets
Baku, Azerbaijan, Oct. 3
By Maksim Tsurkov - Trend:
The Baku Stock Exchange JSC (BSE) decided to diversify the internal financial assets through capital market instruments, the BSE said Oct. 3.
"Thus, the BSE, providing for the first time the liquidity on the market maker's side, has made investments in domestic bonds," according to a message from the BSE.
The agreements were inked with the brokers of the Pasha Capital Ltd. and Invest-AZ in order to receive the needed professional services.
The BSE said the local bond market has more favourable conditions for both effective interest rate and maturity period, as compared to those for the bank deposits.
"At the same time, the market value of majority of corporate bonds, traded at the BSE, has already been formed, and a market maker's presence in the financial institute's market provides the liquidity of invested funds," according to the BSE.
"The BSE plans to continue to pursue its investment policy for an efficient allocation of financial assets benefiting from the opportunities created in the capital market," BSE said.