02/09/2015

On August 22, 2015, Embawood LLC fully fulfilled its financial obligation on its AZN 10 million bond issue. The bonds were issued on the Baku Stock Exchange in August 2014 by PASHA Bank, one of Azerbaijan's largest banks, for a one-year term.

Embawood continues to fulfill all its financial obligations in a timely manner and hopes to place additional bonds on the Baku Stock Exchange in the future.

PASHA Bank has successfully acted as market maker and underwriter for 15 companies' bond issues (worth a total of AZN 213 million). As a result of its success on these deals, PASHA Bank has been named the ‘Best Investment Bank' by EMEA Finance, one of the world's leading financial magazines.