IBA restructuring saga to end with new bonds on Friday

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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.

The

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