OREANDA-NEWS. April 03, 2013. The international rating Agency Fitch Ratings assigned long-term rating of "BB (EXP)" upcoming bond issue of the Bank.

This rating corresponds to the rating of the parent company – OJSC "International Bank of Azerbaijan" ('BB ' / Stable / ' B -'), reported in press-release published on the website of Fitch.
 
The long-term rating was assigned in foreign and national currency. The Bank "IBA-MOSCOW" is going to sell on the open subscription 3 million bonds with a par value of 1,000 rubles each one. Total issue volume at face value of 3 billion rubles. The circulation period of bonds is 3 years from the date of the beginning of placement.
 
The issue provides for a possibility of an early redemption of the bonds on demand of their owners and at discretion of the Issuer, including the possibility of partial early redemption of the bonds.
 
Fagan Nagiyev, Head of Department of investments and work with private capital, the Head of the Prestige Club Private Banking "The Bank "IBA-MOSCOW" LLC said that "this is the first case in the banking market, in which on the basis of an offer by the parent Bank (provider) subsidiary structure (the Issuer of bonds) receives a rating equal to that of the parent. Such rating is obtained thanks to the correctly chosen strategy and for the placement of bonds in the total par value of 3 billion rubles, which we plan, that would be the decisive factor."
 
The state registration of the bonds was carried out by the Bank of Russia on 19 December 2012 with assignment of state registration number 40103395В.