LONDON May 23 There is no reason for the
International bank of Azerbaijan (IBA) to consider changing the
terms of its debt restructuring offer, the bank's advisor, Eric
Lalo of Lazard said on Tuesday.
However, IBA would be happy to look at creditors'
categorisation as well as measures to ensure the new securities
issued under the debt swap proposal would be well traded, Lalo
told journalists. The offer classes investors as either trade
finance creditors, senior creditors or subordinated debt
Lalo was speaking after a meeting with investors, who were
up in arms over the prospect of suffering debt writedowns and
"The final determination of classes of creditors, that's
something we are happy to look at . Second, anything we need do
to make sure the bonds are super liquid and in demand," he said.
"But we cant see any reason to change the terms."
(Reporting by Karin Strohecker and Sujata Rao)