Azerbaijan approves new conditions for issuing notes

By the decision of the Board of the Central Bank of Azerbaijan dated December 27, 2023, new conditions for issuing notes were approved, Report informs referring to Baku Stock Exchange CJSC (BSE).

In accordance with the new conditions, restrictions for participants in the secondary market are lifted. This also means that any individual or legal entity can carry out purchase and sale transactions, repos and other transactions with CBA securities. The new rule expands investment opportunities by making these securities more accessible to market participants.

There is also no limit on the amount of a competitive bid that a bidder may submit at the CBA note auction.