IBA restructuring saga to end with new bonds on Friday

By Virginia Furness
31 Aug 2017

International Bank of Azerbaijan (IBA) is expected to launch three new bonds on Friday that have been born out of a restructuring of $3.34bn of the bank’s debt.

After a four month battle with creditors, 93.9% of claimants agreed to accept the terms of a restructuring plan that will result in the issuing of two Republic of Azerbaijan sovereign bonds and a seven year IBA bond.


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