Azerbaijan’s bank to issue 7-year bonds in dollars

PASHA Bank OJSC is preparing to place bonds in Azerbaijan for $10 million at the Baku Stock Exchange (BSE) CJSC, Report informs.

The bonds will be placed as 10,000 banknotes with a par value of $1,000 each, Report informs.

The securities will be placed by closed subscription method and will be in circulation for seven years. Their annual return is 6%. Interest will be paid annually. The underwriter of the process is PASHA Capital Investment Company.