Azerbaijan, Baku / Trend / The International Bank of Azerbaijan-Moscow has attracted a syndicated credit in the sum of $50mln, according to the report publicized by Cbonds. The credit was signed once again as the demand achieved $60.5mln, but its amount was increased from the previously envisaged $25mln.
The authorized leading organizers and book-runners are GarantiBank International and ICICI. Banco Finantia and Mashreqbank had joint the deal as authorized leading organizers before total syndication. The funds will go towards general corporative purposes.
The borrower is 100% subsidiary organization of the International Bank of Azerbaijan ( Baku), which entered the market in June taking a yearly credit of $140mln. The organizers were Calyon and UniCredit. The amount on the deal was also increased, but from $80mln.