Published on 9/23/2013 in the Prospect News Emerging Markets Daily.
New Issue: Bank of Azerbaijan prices $198 million 7¾% notes due 2018 at par
By Aleesia Forni
Virginia Beach, Va., Sept. 23 - The International Bank of Azerbaijan sold $198 million of 7¾% notes due 2018 at par, according to a market source.
JPMorgan was the bookrunner.
The government-controlled bank is based in Baku, Azerbaijan.
Issuer: | International Bank of Azerbaijan
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Issue: | Notes
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Amount: | $198 million
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Maturity: | Sept. 23, 2018
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Bookrunner: | JPMorgan
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Coupon: | 7¾%
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Price: | Par
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Yield: | 7¾%
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Trade date: | Sept. 20
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