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BSTDB and PASHA Bank cooperate on the First Bond Issuance of an International Financial Institution in Azerbaijan

29.07.2019,10:47


July 29, Fineko/abc.az. The Black Sea Trade and Development Bank (BSTDB) will execute bond issuance with the support of PASHA Bank, a leading corporate bank in Azerbaijan.

It will be the first bond issuance by an international financial institution in the history of the Azerbaijan’s capital markets. PASHA Bank extends main advisory support services for the emission. The initial interest of investors in the bonds of BSTDB well exceeded the volume of emission.

The BSTDB bond issue will be held on the 1st of August through an open auction. Terms of the issue are as follows:

Total volume:                                 10,000,000 AZN

Coupon (annual):                             9.25%

Coupon payments:                         quarterly

Nominal value of a single bond:     1000 AZN