IBA seeks 180-day extension of restructuring

IBA seeks 180-day extension of restructuring
# 23 January 2018 11:24 (UTC +04:00)

International Bank of Azerbaijan (IBA) has applied to a local district court for a 180-day extension to its restructuring proceeding, D.F. King, an agent to the lender on the restructuring, said in a statement, Reuters reported.

 

IBA, which is Azerbaijan’s biggest lender and is controlled by the state, is undertaking a $3.3 billion debt restructuring.

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THE OPERATION IS BEING PERFORMED