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PASHA Bank expands variety of marketing services

Business Materials 22 April 2013 14:32 (UTC +04:00)
PASHA Bank OJSC, the first official marketer of the Azerbaijani capital market, starts marketing the unsecured interest bearing book-entry bonds of AG Bank OJSC on the Baku Stock Exchange (BSE), according to BSE’s statement released on Monday.
PASHA Bank expands variety of marketing services

Azerbaijan, Baku April 22 / Trend /

PASHA Bank OJSC, the first official marketer of the Azerbaijani capital market, starts marketing the unsecured interest bearing book-entry bonds of AG Bank OJSC on the Baku Stock Exchange (BSE), according to BSE's statement released on Monday.

The volume of the marketer's purchase liabilities on the bonds is 200 000 manat and the price spread between the buyer and seller prices is five per cent, the statement says.

The quotations are placed daily starting from 10 am on the electronic trading system of the Baku Stock Exchange and also published on the BSE's website.

Market-making on the local stock market is a complex of measures aimed at improving the depth and dynamics of the market.

Pasha Bank has been providing daily quotations of securities of the Azerbaijan Mortgage Fund, Unibank OJSC, Unileasing JSC, Bakcell LLC and Bank of Baku OJSC through Pasha Capital since January 21, 2013.

Pasha Bank was established in June 2007 and operates under a licence from the Central Bank of Azerbaijan dated Nov.28, 2007. Its primary objectives are the strengthening of its leadership in corporate customer service, the qualitative growth of business in priority areas defined by the strategy and the creation and continued development of long term and trusted relationships.

The official exchange rate on April 22 is 0.7847 AZN / USD.

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