International Bank of Azerbaijan plans $500m Eurobond issue
26.11.2013 22:31
The state-owned International Bank of Azerbaijan (IBA) plans to issue debut $500 million Eurobonds with a maturity of 5-7 years in 2014, the bank's chief said.
"We will issue Eurobonds of $500 million next year, which is linked with increase of our capital," Cahangir Haciyev told reporters.
IBA said last month it would increase its capital by 500 million manats ($460 million) in the next four years.
ANN.Az
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