In the first ten months of this year, the central depository of Azerbaijan registered transactions of purchase and sale and initial public offering of corporate securities for a total of 1,347,310,000 manats at face value, which is 84.6 % more than in the comparable period of 2012.
Growth was recorded in all segments of the market , according to a statistical report of the National Depository Center . The volume of transactions on the exchange registration for secondary trading securities amounted to 564.6 million manat. It is 2 times more than in January- October 2012.
The volume of the placement of corporate securities amounted to the beginning of the year 607.1 bn , or 45 % more than in the same period last year. According to the BSE , the basic tools of the trade in the secondary market are corporate bonds of the Azerbaijan Mortgage Fund ( AMF) , as well as commercial banks and non-banking credit organizations. Segment of the IPO securities consists entirely of the AMF bonds and securities of financial companies.
This year, rapidly growing are OTC platform shares. Since the beginning of this year, the NDC registered on the OTC market 366 transactions for a total of 175,575,300 manats, which is 4.5 times higher than in the comparable period of 2012 ( 38.6 million manat). In October, the NDC set a new record in terms of registration of sale of shares outside the stock exchange - 69.6 mln at face value. The previous record (51.6 million manat) also applies to this year (June).
Note that the NDC, despite the monopoly position in depository activities, did not disclose the amount of the issuers of securities it serves. Just this year, the center has concluded similar agreements with more than 40 companies. The names of companies are not made public. The approximate number of serviced companies is 1,500.
As of 1st November 2013, the NDC securities are held an aggregate nominal value of 9.8 billion manat. Since the beginning of this year, the documentary and non-documentary securities taken to custody increased by 55%. - 08B-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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