Baku Stock Exchange cuts minimum debt market requirement for microfinance institutions

The Baku Stock Exchange (BSE) has reduced the minimum nominal requirement for microfinance institutions in the debt market to 500,000 manats from 1 million manats, a senior exchange official said on Tuesday.

Oqtay Gasimov, deputy chief executive officer and chief commercial officer of the BSE, said at the Microfinance Forum in Baku that the decision aims to improve access for microfinance institutions to capital markets.

“The minimum nominal requirement in the debt market segment currently stands at 1 million manats. To increase accessibility for microfinance institutions, we have reduced this threshold to 500,000 manats. The decision has already been approved and will be officially announced in the near future,” Gasimov said.

He noted that the exchange operates a main market listing segment for larger and more developed companies, while the standard market segment is designed for smaller and developing firms.

N. Tebrizli