Pasha Bank plans $50m one year club loan before end of 2012

12 Oct 2012

Azerbaijan’s Pasha Bank is planning a $50m one year club loan before the end of the year, rather than tapping the Eurobond market, said Taleh Kazimov, chief investment officer.

Kazimov says that Pasha is not yet ready to tap the Eurobond market as the volume of debt it wants to raise is not large enough.

"This year we’re planning to do a club loan with up to 10 banks participating," said Kazimov. "We want to raise up to ...

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