Re: Energy in Azerbaijan
A nasty day for azeri's credibility. Even if they pay all of the bond holders debts, their credibility to borrow in the future is gone to the sewage.
"Restructuring by Azerbaijan Bank Rattles Foreign Investors
A “too big to fail” trade has backfired on the shores of the Caspian Sea.
Bank bondholders who thought they were getting a near 6 percent yield for quasi-government risk have received a rude awakening."
"Azerbaijan's IBA angers creditors with debt restructuring plan
Crisis-ridden International Bank of Azerbaijan (IBA) angered investors with its debt restructuring plan announced"
"Kazakh c.bank to seek legal evaluation of investing in IBA bonds
May 24 Kazakhstan's state-managed pension fund invested $250 million in Azerbaijan's now troubled state-run bank IBA, and Kazakhstan's central bank will seek legal evaluation of this investment decision"
A nasty day for azeri's credibility. Even if they pay all of the bond holders debts, their credibility to borrow in the future is gone to the sewage.
"Restructuring by Azerbaijan Bank Rattles Foreign Investors
A “too big to fail” trade has backfired on the shores of the Caspian Sea.
Bank bondholders who thought they were getting a near 6 percent yield for quasi-government risk have received a rude awakening."
"Azerbaijan's IBA angers creditors with debt restructuring plan
Crisis-ridden International Bank of Azerbaijan (IBA) angered investors with its debt restructuring plan announced"
"Kazakh c.bank to seek legal evaluation of investing in IBA bonds
May 24 Kazakhstan's state-managed pension fund invested $250 million in Azerbaijan's now troubled state-run bank IBA, and Kazakhstan's central bank will seek legal evaluation of this investment decision"
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