Forecast for growth of bond market in Azerbaijan announced

In the next five years, the primary bond market in Azerbaijan is expected to grow 1-2 times per year, and the secondary bond market will grow 6-8 times per year, Ruslan Khalilov, deputy director of one of the country's investment companies, said at the III Financial and Investment Forum held in Baku.

"In 2021, the value of the primary bond market in Azerbaijan was 6.8 billion manats ($4 billion), which is predicted to be 8-12 billion manats ($4.7-7 billion) in 2026. The secondary bond market was 1.2 billion manats ($705 million), and it is predicted to be 7.5-14.5 billion manats ($4.4 -8.5 billion)," he said.