18 financial institutions in Europe assisted in the issuance of a syndicated loan worth $ 200 million to the International Bank of Azerbaijan (IBA).
According to the information of the largest financial agency of the country, the organizers of the transaction are Citibank NV, Ingbank NV, Raiffeisen Bank International AG, and Uni Credit Bank Austria AG.
"It was initially planned to get a loan equivalent to $ 125 million. Then this amount, due to the expansion of the list of creditors, rose to $ 200 million," the text stated.
The loan was taken for a period of 1 year for the implementation of corporate and commercial objectives of the bank.
IBA was founded in 1992. More than half (50.2%) of the share capital of the bank is owned by the state, while 49.8% is owned by private shareholders. The shareholders are about 1.6 thousand businesses and individuals. --17D-
Economics
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