Baku. Nijat Mustafayev – APA-Economics. International Bank of Azerbaijan’s subsidiary organization in Russia prepares for the first bond emission in the Russian stock market, said the chairman of Board of Directors of IBA-Moscow Fuad Abdullayev.
According to him, the volume of issue is RR 3 bln ($ 94.757 mln), circulation term 36 months. The bonds will be placed through Uralsib and VTB Banks.
The emission will be placed at the end of current year or beginning of next year. This will be first bond issue by IBA-Moscow in Russian market.
IBA-Moscow has repaid syndicated loan in amount of $55 mln.
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