According to him, access to capital markets has already become a necessity: “We are on the threshold of this stage. Previously, we were trying to persuade various companies to enter the capital market, explain them the advantages of the capital markets. Today, the companies themselves are seeking different instruments and opportunities for involvement and placement of the funds. Today, two parts have formed in the market – the one in which the excess liquidity has formed and the other one which need funds. Through capital markets instruments, we should revive these mechanisms”.
Namazov said that capital markets are of particular importance for economies which are similar to our country: “At the same time, application of debt instruments, bond market and corporate management is of great importance. As a result of works carried out, we have been getting positive results since last year. On the background of confidence in national economy, local companies, we successfully carried out IPO of the SOCAR’s $100 million bonds. Through this mechanism, we are ready to carry out IPO of shares”.