Azerenji and Pasha Bank on starting line for Eurobonds

Pasha Bank became the first private bank from Azerbaijan to co-manage a Eurobond issue when it helped bookrunner BNP Paribas place the $150m 14.75% Baghlan Group bond last month. And its CFO Farid Akhundov says there are more Eurobond issues to come from the country, including notes from Pasha Bank itself and Azenerji, the largest electrical power producer in Azerbaijan.