Azerbaijan, Baku, 23 January / Trend corr I. Khalilova / The State Securities Committee attached to the Azerbaijani Presidential Administration divulged the volume of municipal securities market - AZN 400,000, the chair of the Committee Gunduz Mammadov said on 22 January.
Self-governing bodies may issue them for a turnover period of 2-3 years with profitability equal to corporate securities rates, approximately 10-11%, Mammadov said.
In order to introduce this financial tool, the State Committee carried out active work with the heads of several regions and self-governing bodies.