26/09/2017
Country’s leading corporate bank-PASHA Bank’s Subsidiary office PASHA Bank Turkey has successfully issued and placed its USD denominated Bonds in Azerbaijan’s securities market. It is the first time that a foreign company issues bonds in hard currency in Azerbaijan market. Considering the fact that the Issuer is a foreign company and currency of the issue is different from the currency company operates with it is the first Eurobond issue in Azerbaijan market. The underwriter of the issue was PASHA Capital Investment company.

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