OREANDA-NEWS. February 16, 2010. Committee chairperson Rufat Aslanli says that the process of provision of the liquidity of state bonds of the Ministry of Finance is under way.

“On the other hand, we are developing a new mechanism of liquidity ensuring up to preparation of the institute of market-makers for governmental securities. There is also idea to establish institute of primary dealers for placement of governmental securities. We will work out the most acceptable decisions,” Aslanli said.

The relevant work was launched in 2009 but it has given no real result yet.

“As a committee, we have work terms but here not only the SCSA is involved. Issuers of securities also play an important role. A special agency was founded in the Finance Ministry and appointments for positions there have been carried out. I think we approach now to more active phase of processes on ensuring the liquidity of state securities,” Aslanli said.

The Ministry of Finance registered issue prospectus of its bonds for 1.3 bn on par value for 2010 that conforms to the 2009 target.

The Central Bank of Azerbaijan reduced the issue prospectus of its notes from AZN 5 bn to AZN 300 million.