International Bank of Azerbaijan-Moscow (IBA-Moscow) has received a syndicated loan. The bank told APA-Economics that the amount of the loan had been expected at $25 million but the amount was doubled because of high demand.
The bookrunner and organizers of the syndicated loan are GarantiBank International, ICICI, Banico Finantia and Mashreqbank.
The loan will be used for corporate purposes.
IBA-Moscow is established and 100% owned by International Bank of Azerbaijan. /APA-Economics/
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