By the end of 2006 it is planned to increase asserts in manats, place din corporate bonds Gunduz Mammadov, the chairman of the State Securities Committee at the Azerbaijani President, noted the diversification of the portfolio of corporate binds due increase of rates of manats. He supposes that reserves in manats will be increased by the end of the year.
The consolidation of rates of the national currency makes the securities market reasonable for non-residents of the country.
Over a year 3 issues of corporate bonds worth 6 million manats and 4 issues worth $10,160m by 6 emitters have been registered, whereas in 2005 no registration of bonds was carried out.
In January to June 2006 the volume of placement of corporate loans made up 9,621m manats, or 31.86 times more than last year. The operation in the secondary market of corporate bonds comprised 992,606 manats, a bit higher than 2005 figure. The rise was 9.41%.