Baku, September 25, 2025
The European Bank for Reconstruction and Development (EBRD) is preparing its first-ever bond issuance in Azerbaijan, valued at 50 million manats, according to the bank’s prospectus.
The offering consists of 500 unsecured, dematerialized, registered bonds with a floating interest rate, each carrying a nominal value of 100,000 manats. The securities will be listed on the Baku Stock Exchange (BSE) and traded from October 1, 2025, through October 1, 2026.
Coupon payments will be made quarterly, tied to the AZIR index set by the Central Bank of Azerbaijan.
The transaction is being underwritten by ABB-Invest and Unicapital.
This marks the EBRD’s debut issuance in Azerbaijani manats, a step expected to deepen local capital market development and expand financing instruments available to investors.
