BAKU, Azerbaijan, January 29. The Baku Stock
Exchange (BSE) has reduced the minimum debt market requirement for
microfinance organizations to 500,000 manat ($294,117), Ogtay
Gasimov, Deputy CEO and Chief Commercial Officer at the BSE, said
at the Microfinance Forum in Baku, Trend reports.
“Baku Stock Exchange has a standard listing segment and a main
market listing segment. The main market is designed for larger,
more developed companies, while the standard segment is intended
for smaller, developing companies. In the debt market, the nominal
minimum requirement was previously 1 million manat ($588,235). To
increase accessibility for microfinance organizations, we have
halved this amount to 500,000 manat ($294,117). The decision has
already been made and will be announced soon,” he emphasized.
The "Access to Capital Markets: 1st Investor—Microfinance
Forum," being held in Baku, Azerbaijan, is bringing together
important figures from the financial industry. The forum is jointly
organized by the Central Bank of Azerbaijan (CBA), the Azerbaijan
Capital Markets Association (AKBA), the Azerbaijan Microfinance
Association (AMFA), and the Baku Stock Exchange (BSE).
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