BAKU, Azerbaijan, January 27. Additional
issuances of green bonds may be carried out on the Baku Stock
Exchange (BSE) over time, Ruslan Khalilov, BSE Chairman of the
Management Board, said in an interview with Trend.
Khalilov recalled that trading in green bonds issued by the
State Oil Company of the Republic of Azerbaijan (SOCAR) began on
the BSE in March last year. The bonds were placed with a five-year
maturity and a total issuance volume of $200 million.
“To support the development of green finance, the Baku Stock
Exchange has established a dedicated Green Bond Segment. All
listing fees within this segment have been reduced to zero. In
other words, any company seeking to list a green bond or other
green security that meets the required criteria is fully exempt
from listing fees,” he said.
According to Khalilov, interest in green bond issuance is
expanding across multiple sectors of the economy.
“In particular, companies in the energy sector are showing
interest in issuing green bonds. We are also seeing interest from
several companies in the logistics sector. Much depends on the role
of investment banks acting as underwriters. Most likely, over time,
we will see additional green bond issuances,” Khalilov added.
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