The rating of the bonds of Bank IBA-Moscow LLC is set at the level of BB.
As stated by Fitch Ratings, it has become possible due to the availability of guarantees of its founder, OJSC International Bank of Azerbaijan.
The planned issue of securities in the amount of 3 billion rubles for corporate purposes is designed for 3 years with a commitment to repurchase in a year. The yield on the bonds in the first year is set at 11.5%.
The bank IBA-Moscow with a capital of 2,110,427,000 rubles ($ 31.71 million at the current exchange rate) was founded in 2002 and is a subsidiary of OJSC International Bank of Azerbaijan. Its has branches in Moscow, St. Petersburg and Yekaterinburg. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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