OREANDA-NEWS. December 2, 2009. For Jan-Oct 2009 Azerbaijani market of corporate bonds grew by 90% compared with last year’s same term and reached \\$111 million in accord with exchange rate by November (AZN 0.8032 to the US dollar).

The Azerbaijan State Securities Committee (SSC) informs that as of 1st November 2009 the volume of the corporate bonds market made AZN 89,365 versus AZN 47,128 for Jan-Oct 2008, or by 90% more.

“By 1st November 2009, 55 deals were registered versus 100 deals for last year’s same term,” the SSC informed.

In 2009, the corporate bonds market is provided by secondary transactions with corporate bonds in manats, turnover on which (AZN 45.328 million on 23 deals) has grown 20.7 fold versus last year’s same term (AZN 2.19 million on 3 deals).

The rest of transactions have reduced to some extent: primary placement of corporate bonds in manats fell by 63% (AZN 2.412 million for 1 deal versus AZN 6.437 million for 2 deals a year before), and secondary placement in US dollars by 98% (AZN 2.82 on 15 deals versus AZN 12,696 on 85 deals last year).