Afghanistan intends to establish a secondary market bonds
Date: 14:18, 25-11-2015.
Almaty. November 25. Silkroadnews - Afghanistan plans to create a secondary bond market to expand their trade outside of commercial banks, which today are the only investors, reports Reuters.
As reported, the Central Bank of Afghanistan issued bonds maturing 7 - 28 days, 6 months and 1 year for $520 million. According H.Sedik, the annual rate is about 6,8-7%.
He added that Afghanistan also plans to use Islamic financial instruments known as sukuk, perhaps as early as 2016.
Regarding the stock market H.Sedik believes that preliminary work on it will be completed by 2018.
