JSC Pasha Bank announced the assumption of market maker liabilities for the unsecured interest-bearing bonds of AGBank with a 14% yield per annum.
In Baku Stock Exchange they told Turan that the bank, through its brokerage Pasha Capital, warrants for the purchase of bonds of AGBank in the amount of not less than 200 thousand manats in the range of 5% of the nominal value at the trade session.
JSC AGBank issued bonds for a total amount of 12 million manat with a condition of repayment due in April 2016. The nominal value per share is 1,000 manat. The bonds were placed on the stock exchange in one transaction on April 15 of this year. For four days after being posted on the BSE there were 7 deals on their secondary trading, amounting to over 7.5 million manat. The bonds were sold at a price of 100.62% of par.
JSC Pasha Bank is a market maker of six corporate bonds, including the Azerbaijan Mortgage Fund.
Market maker is a brokerage company that takes on the risk of acquiring and storing securities of an issuer on its own accounts in order to organize their sales. -08C-
Economics
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