PASHA Bank became the first private bank in Azerbaijan, speaking as co-manager of a large issue of Eurobonds
The leading corporate bank of Azerbaijan - PASHA Bank - has successfully acted as co-manager of Eurobonds in the amount of $ 150 million. Baghlan Group has recently completed the acquisition of 33.33% stake in Bahar Energy Limited, which develops marine units in the Caspian fields Bahar and Qum Deniz. Thus, PASHA Bank was the first among the private banks of Azerbaijan, became co-manager of a major issue of international bonds.
As reported in the bank, Lead-manager of the bond issue was made by BNP Paribas. International securities identification code - XS0780263165, coupon rate - 14.75%, repayment period - 3 years, the date of placement and the start of Interest - June 27.
PASHA Bank began to offer underwriting services to corporate customers since the beginning of last year. The bank issued corporate bonds of four issuers (the representatives of different sectors, including banking and telecommunications sectors) worth about $ 90 million.
In the future, the bank plans to strengthen its position as a market professional by organizing new issues and developing the secondary market of securities. - 15D -
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