Baku Stock Exchange Keen Issuing Green Bonds - Chairman
Date
9/19/2024 7:17:20 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 19. The Baku Stock
Exchange (BSE) is ready to facilitate the issuance of green bonds
on its platform, Chairman of the Board of BSE CJSC, Ruslan
Khalilov, said at a press conference, Trend reports.
"Two or three Azerbaijani companies are planning to issue green
bonds in Azerbaijan, and their activities are related to
alternative energy. We maintain contact with these companies. They
aim to raise funds through green bonds to finance part of the
capital expenditures for their green energy projects. Our work with
them is ongoing," Khalilov stated.
He emphasized that the issuance of green bonds takes into
account the fact that the proceeds will be used for actions aimed
at reducing greenhouse gas emissions.
Regarding the BSE's activities during the COP29 event in
Azerbaijan, Khalilov noted that there will be an event focusing on
investment companies and potential securities issuers.
"The BSE is a member of the UN Sustainable Stock Exchanges
Initiative. Within this framework, regular meetings and briefings
are held on attracting financing for sustainable development and
funding green initiatives," Khalilov added.
To note, BSE has operated for 30 years and has just implemented
a new three-year development strategy.
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