BAKU, Azerbaijan, November 3. International
Bank of Azerbaijan OJSC (IBA) has registered bonds with a total
value of 15 million manat ($8.83 million).
This was noted in the information regarding the state
registration of securities.
According to the information, the bank issued a total of 150,000
bonds across two issues. The face value of each bond is 100 manat
($58.85).
The total face value of the 50,000 bonds in the first issue is 5
million manat ($2.94 million), while the value of the 100,000 bonds
in the second issue is 10 million manat ($5.88 million).
Both issues were placed through a public offering and registered
on October 19, 2026.
International Bank of Azerbaijan OJSC (IBA) began operations on
January 10, 1992, as a fully shareholder-owned bank. The bank’s
headquarters are located in Baku. Currently, IBA is one of the
leading banks in the South Caucasus region in terms of total
assets, customer base, and international operations portfolio. With
78 branches and 9 offices covering various regions of Azerbaijan,
the bank provides comprehensive banking services to private and
corporate clients. The bank serves more than 43,000 corporate
clients and over 3 million individual clients. The bank employs
more than 4,000 people.
Pursuant to Decree No. 1174 of the President of the Republic of
Azerbaijan dated November 5, 2020, “On Ensuring the Activities of
the Azerbaijan Investment Holding,” the Open Joint-Stock Company
“IBA” was transferred to the management of the Azerbaijan
Investment Holding.
