JSC Pasha Bank will place 500 thousand interest-free, unsecured bonds.
The nominal value of each discount bond (investors can buy bonds at a discount and sell at the nominal price) is 100 manat.
The bonds will be in circulation for one year.
The auction will be held at the Baku Stock Exchange.
The purpose of the bond issue is to increase the bank's loan portfolio.
Note that this is the first issue of discount bonds in the banking sector and the corporate sector of Azerbaijan. ----71D
Economics
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