OREANDA-NEWS. November 06, 2009. In January to September, 2009, Azerbaijani market of corporate bonds grew by 65.6% in comparison with last year’s same term and amounted to USD 99 million in accord the exchange rate over reporting date (AZN 0.8034 for US dollar).

Azerbaijan State Securities Committee (SSC) informed that as of 1st October, 2009, the volume of the corporate bonds market made AZN 79,545,684 versus AZN 48,037,682 in January to September, 2008, or by 65.5% more.

“By 1st October, 2009, 48 deals were registered versus 93 deals over last year’s same period.” SSC informed.

In 2009, the corporate bonds market is provided by secondary transactions with corporate bonds in manats, turnover on which (AZN 43.575 million for 19 deals) has grown 19.9 fold versus last year’s same term (AZN 2.19 million for 3 deals).

The rest of transactions have reduced to some extent: primary placement of corporate bonds in manats fell by 62.5% (AZN 2.412 million for 1 deal versus AZN 6.437 million for 2 deals a year before), and secondary placement in USD – by 97.9% (AZN 265,968 for 13 deals versus AZN 12,495 for 80 deals last year).