Baku, September 24, 2025
The European Bank for Reconstruction and Development (EBRD) is preparing its first-ever bond issue in Azerbaijan, a move officials say could mark a milestone in the country’s financial market development.
Speaking at the Azerbaijan Fixed Income Forum, Isabelle Laurent, EBRD deputy treasurer and head of funding, said the bank is finalizing the offering circular and completing contractual arrangements with the Baku Stock Exchange (BSE) and the National Depository Center (NDC).
“We hope all this work will soon be finalized, and within one or two weeks we will launch floating-rate notes,” Laurent told the panel on the role of international financial institutions in local markets. “This will be both a decisive and exciting moment for Azerbaijan’s bond market.”
Laurent noted that the initial issue will be modest in size but emphasized that the EBRD has established strong partnerships with ABB-Invest, BSE, NDC and the Central Bank of Azerbaijan to ensure smooth execution.
Analysts say the move will deepen Azerbaijan’s capital market, which has so far seen limited activity in international-standard debt instruments. A successful debut could open the door to more diverse funding tools and improve liquidity in local securities trading.
