The Chairman of PASHA Bank’ s Executive Board Taleh Kazimov commented on the placement of bonds and noted that through this emission, Bank contributed furthermore to the development of country’s securities market.
“International financial experts who always closely follows similar initiatives highly valued PASHA Bank’s initiatives initiated in country’s securities market, including corporate bonds issuance, provision of market-maker services and awarded the Bank with important awards. It is gratifying fact that as a continuation of similar initiatives, PASHA Bank Turkey successfully competed the placement of its bonds in Azerbaijan market and we hope that our future achievements will contribute to development of Azerbaijan economy in general and development of our clients and partners in particular”, - T.Kazımov finalized his speech.
The bond parameters are the followings:
Total amount: 25 000 000 USD
Term of turnover: 5 years 3 months
Coupon interest rate: 4.85%
Coupon payment: Quarterly