BAKU, Azerbaijan, September 19. Chairman of the
Board of Baku Inventory Trade CJSC (BSE), Ruslan Khalilov, has
introduced seven strategic initiatives to be adopted by it over the
subsequent three years, Pattern experiences.
Addressing a press convention devoted to the BSE rebranding,
he stated that 4 initiatives are associated to the bond market, whereas
three are associated to the inventory market.
“The primary initiative within the bond market is to encourage bond
issuance by state enterprises. They’ve potential on this space,
and we anticipate a rise within the share of state enterprises in
the bond market,” he emphasised.
In line with Khalilov, over the following three years, the quantity of
authorities bonds can improve to 1.3 billion manat ($760
million).
The second initiative is to draw institutional buyers to
the market.
The third initiative is to stimulate the issuance of company
bonds (with progress potential estimated at 1.5 billion manat or $880
million).
The fourth initiative is to extend the function of particular person
buyers within the bond market (with a forecasted potential of 280
million manat, or $164.7 million).
Concerning the inventory market, the next initiatives had been
introduced:
– taking crucial measures to facilitate the participation of
particular person buyers within the inventory market;
– selling the preliminary public providing (IPO) of shares from
personal enterprises, with the anticipated progress of the
capitalization of the personal enterprise inventory market estimated at
500 million manat ($294 million);
– launching an IPO acceleration program.
To notice, the BSE has rebranded. The modifications are seen not solely
within the new brand of the BSE, whose most important values are honesty,
sustainable growth, and partnership, but in addition mirrored within the
initiatives of its new technique (accredited this spring), particularly
in relations with market members.
“The model replace implies the intention to make the change’s
interplay with market members and companions extra clear
and dependable. These relationships, in flip, improve the Baku Inventory
Trade’s worldwide competitiveness and open new alternatives
within the native market,” the BSE stated.
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