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Azeri bank IBA to issue $1 bln worth of bonds - documents
September 1, 2017 / 2:58 PM / 3 months ago

Azeri bank IBA to issue $1 bln worth of bonds - documents

BAKU, Sept 1 (Reuters) - International Bank of Azerbaijan (IBA) plans to issue $1 billion worth bonds due in 2024 under a 3.5 percent coupon, bank’s documents showed on Friday.

The state-run IBA said in July that a plan to restructure $3.3 billion of its debt won an approval from creditors holding 93.9 percent of the affected credits. (Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Vladimir Soldatkin)

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