OREANDA-NEWS. December 30, 2011. One of Azerbaijan’s bank market’s leading participants PASHA Bank has announced expansion of its involvement in operations at fund market.

The bank reports that plans further strengthening of  its positions as professional participant of the country’s securities market organizing new issues.

" Starting last year PASHA Bank has intensified its activities in the security market  and so far has successfully carried out four bond issues to the total amount of 24.4 million manat",- the report says. At that this statistics is in the process of expansion 2.6 fold. The mater is that State Committee for Securities of Azerbaijan has registered an issue of bonds of the first mobile service provider – Bakcell company to a total amount of 40 million manat. One of the leaders of the country’s financial market  PASHA Bank has acted as market maker with  “UniCapital” OJSC  as underwriter.

Offering of unsecured book-entry registered bonds of Bakcell included into the unlisted security list started on 27 December.  Annual interest rate on bonds has been established at 9.5%, with maturity date of 1080 days from the day of offering.  Mobile service operator might issue 40 thousand unsecured interest-bearing bonds, with nominal value 1 thousand manat each.