BAKU, Azerbaijan, September 25. PASHA Bank OJSC plans to issue bonds by the end of this year, PASHA Bank board member Murad Suleymanov said at a press conference on the results of the first half of 2024, Trend reports.
“The bond issue will be conducted both in manat and US dollar. The volume of the issue is being discussed now and will depend on market demand. We plan to place the bonds by the end of this year,” he noted.
Note that, in 2023, the turnover of the Baku Stock Exchange amounted to 27.335 billion manat ($16 billion), which is 1.8 times higher than the figure for 2022.
Moreover, PASHA Bank OJSC was established in June 2007 and ranks among the top three banks in the country by asset volume.