International Bank of Azerbaijan talks three-year notes at 5¾%

By Christine Van Dusen

Atlanta, June 4 - International Bank of Azerbaijan set talk at 5¾% for its upcoming issue of three-year bonds (Ba3//BB), a market source said.

The notes will include a put option that can be exercised if the government, which is the majority shareholder, ceases to control 50% plus one share of the company, according to a report from Fitch Ratings.

The bank is based in Baku, Azerbaijan.

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