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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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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