Regulatory Alerts2021-06-07
Added · Updated
Regulation on requirements for the maximum limits to volume of an issuer's bond issue
The Central Bank of the Republic of Azerbaijan issued Resolution № 31/1 to establish maximum volume limits for corporate bond issuances. The regulation defines a calculation formula based on net assets and collateral, applying specific coefficients of two or three depending on the issuer's credit rating. It explicitly excludes government bonds and mandates that foreign issuers without sufficient credit ratings are prohibited from issuing unsecured bonds in Azerbaijan.
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