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Published on 1/29/2018 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

International Bank of Azerbaijan’s restructuring extended by 180 days

By Caroline Salls

Pittsburgh, Jan. 29 – OJSC International Bank of Azerbaijan’s application for a 180-day extension to its restructuring proceeding was granted by the Nasimi District Court, according to a news release.

As a result, the restructuring proceeding is scheduled to terminate on July 29.

The bank is based in Baku, Azerbaijan.


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