11:31 - 28.02.2020

---

February 28, Fineko/abc.az. A repo deal with shares has been concluded for the first time on the trading platform of the Baku Stock Exchange (BSE).

ABC.AZ was informed at the BSE that with the mediation of investment company AzFinance, a repo operation was carried out on the shares owned by two issuers. Participants in the capital markets began using actively shares in short-term fundraising.

Until now mainly government and corporate bonds were the subject of REPO operations. Significant growth rate of repo operations has been observed in the last few years. Thus, in 2018 the repo operations on the exchange amounted to AZN 612 million and in 2019 their turnover grew by 83% and exceeded AZN 1.1 bn.

Currently, repo operations can be conducted with 23 tools at the BSE. The list of securities that are subject of REPO operations can be found at the following link: https://bfb.az/wp-content/uploads/2015/06/Repo-predmeti-olan-qiym-tli-ka-zlar-n-siyahis-v-t-minat-h-cmi.pdf