Azerbaijani bank to issue Eurobonds
Baku, Azerbaijan, March 7
By Abbas Akhundov - Trend:
The Azerbaijani Pasha Bank plans to start issuing Eurobonds within two years, member of the board of the bank Taleh Kazimov said at a panel discussion as part of the third Azerbaijan Annual Conference in Baku on March 6 organised by Fitch Ratings.
"The bank has had experience in corporate securities since late 2011," he said. "Since then, Pasha Bank has participated in 20 issues totalling $180 million. This year the bank plans to hold four transactions at $60-90 million."
"Some 70 percent of issuers represent the financial sector," he said.
Pasha Bank was the first bank in Azerbaijan which began rendering market-maker services on corporate bonds.
It is a leading corporate bank in Azerbaijan. Founded in 2007, it delivers a wide range of corporate banking services, including loans, transactions on the securities market, asset management and treasury services.
Pasha Bank has a head office and four branches with a staff of 221 working there. The bank was declared Best Investment Bank of Azerbaijan as part of the Europe Banking Awards 2011 and Europe Banking Awards 2012. It was provided with the Best Private Bank in Azerbaijan premium upon World Finance in 2013.
Pasha Bank is part of the Pasha group of companies which is a large investment holding in Azerbaijan. It is widely represented in such sectors as insurance, construction, construction materials, tourism and other business areas. Kapital Bank is one of the largest banks in the Azerbaijani retail market. It also belongs to the Pasha group of companies.
Translated by NH
Edited by SM