Azerbaijan's Pasha Bank mulls debut $200 mln Eurobond in 2016
16.06.2016 22:54
Pasha Bank, one of the largest banks in Azerbaijan, is considering launching a debut Eurobond worth around $200 million this year, the head of its investment banking department said on Thursday.
Ivan Uglyanitsa told Reuters the Eurobond would have a maturity of three to five years.
"We would like (a yield) of 5 percent or below, some 150 basis points above (Azerbaijan's) sovereign (Eurobond) yield curve," he said in the Georgian capital.
Pasha Bank does not need to borrow in a foreign currency, but wants to take advantage of a "window of opportunity" while debt markets are growing and yields are falling, Uglyanitsa said.
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