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PASHA Bank Becomes the First Non-government Bank in Azerbaijan to Co-manage A Large Eurobond Issue - PASHA Bank has re-confirmed its credentials as a key innovation leader and trend setter in the national banking sector by successfully completing a significant Eurobond deal - PashaBank.az
PASHA Bank Becomes the First Non-government Bank in Azerbaijan to Co-manage A Large Eurobond Issue

 

NewswireToday - /newswire/ - Baku, Azerbaijan, 2012/06/28 - PASHA Bank has re-confirmed its credentials as a key innovation leader and trend setter in the national banking sector by successfully completing a significant Eurobond deal - PashaBank.az.

   
 
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PASHA Bank, a leading corporate bank in Azerbaijan, has successfully completed its role as a co-manager for the US$150 million Eurobond issue of Baghlan Group, which recently closed the deal for acquiring a 33.33% stake in Bahar Energy Limited, the developer of Bahar and Qum Deniz offshore deposits. By participating in the transaction, the Bank has become the first private bank in Azerbaijan to act as a co-manager of a large international debt issue.

BNP Paribas was the lead manager on the transaction. The Eurobond, with the international identification code of XS0780263165, has a 14.75% coupon rate. The repayment term is three years, and the interest accrual begins on 27 June.

Since early 2011, when PASHA Bank commenced its arranging services for debt issues, it has invested in four significant issues for a total amount of US$90 million. The issuers represented a variety of industries, including a domestic commercial bank and a telecommunications company.

The Bank plans to continue strengthening its leading positions on the regional securities market, both in supporting issues and developing its secondary market.

Enquiries:
Sona Abbasova, PASHA Bank +99412 480 26 72
Nonie Marler, College Hill+44(0)20 7457 2034
Vugar Khalilov, Caspian Links +99412 596 42 52

About PASHA Bank
PASHA Bank (pashabank.az) is a leading corporate bank in Azerbaijan. Established in 2007, it provides a range of corporate banking services including: loans, securities, asset management, and treasury services.

PASHA Bank employs circa 170 people across its head office and two branches and was declared “Azerbaijan’s Best Investment Bank” in 2012 by the international financial journal, EMEA Finance.

PASHA Bank is a part of PASHA Group, a major investment holding group in Azerbaijan, which also includes significant assets in insurance, property development, production of construction materials, tourism and other businesses. Kapital Bank, one of the largest retail banks in Azerbaijan, is also owned by PASHA Group.

 
 
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PASHA Bank Becomes the First Non-government Bank in Azerbaijan to Co-manage A Large Eurobond Issue

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Publisher Contact: Leonid Fink - CollegeHill.com 
+44 (0) 20 7457 2034 leonid.fink[.]collegehill.com
 
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