Repo operations hit record in Azerbaijan

Repo operations at Baku Stock Exchange’s (BSE) trade platform amounted to AZN 78.6 million on July 15, which is record since 2014, Report informs.

Totally the repo operations in January-June 2019 made up AZN 438 million.

The repo operations have been increasing for the last two years. In the first half of 2018 these operations accounted for AZN 466.2 million, while they were AZN 11.6 million in the same period of 2017.

Moreover, repo deals were also closed on CBA notes and corporate bonds in the reporting period. The share of government bonds in repo operations in the first half was 60.7% (AZN 265.7 million), CBA notes – 37.7% (AZN 165.2 million), SOCAR bonds – 1.6% ($4.1 million or AZN 7 million).