OREANDA-NEWS. September 18, 2009. For Jan-Aug 2009 Azerbaijani state securities market fell by 50% compared to last year’s same term and reached US3.177 bn in accord with exchange rate by the reported date.

The State Securities Committee informs that as of 1st September 2009 the volume of state securities market made AZN 2.554 bn versus AZN 5.119 bn for Jan-Aug 2008 or 2 fold.

“Over the first 7 months of the year it was registered 749 deals versus 1,525 deals for last year’s same period,” it was informed.

This year’s market is still provided mainly by repo transactions with state securities, turnover on which (AZN 1.77 bn on 550 deals) has fallen by 47% compared to the 2008 same term (AZN 3.37 bn on 1,100 deals).

Placement of Central Bank’s short-term notes fell by 79% (AZN 313.258 million on 70 deals versus AZN 1.5 bn on 332 deals a year before).

Primary placement of the Ministry of Finance’s bonds grew by 53% (AZN 330.49 million on 55 deals versus AZN 215.839 million on 53 deals).

For Jan-Aug 2009 the volume of corporate securities market totaled AZN 71.85 million versus AZN 46.29 million for the 2008 same term or by 55% more.