OREANDA-NEWS. June 20, 2007. The International Bank of Azerbaijan (IBA) under government control is planning to expand its operations at international capital markets, reported the press-centre of IBA.

“The issue of initial public offering (IPO) can be considered in this context,” IBA deputy chairman Vagif Akbarov said.

Before November the IBA is to issue eurobonds (Reg S for three or five years) in the amount of $200 million to be placed at the Luxembourg Exchange or London Exchange.

The Bank whose market share in Azerbaijan is a little less than 50% is in the process of privatization of state participation (50,2% of shares).