OREANDA-NEWS. July 03, 2013. Bank IBA-Moscow LLC carried out successful placement of its debut bond issue worth 3 billion rubles in full volume at a coupon rate of 10.75%.

According to the bank, maturity of bonds is 3 years. A 1.5-year option is provided. The issue was provided security in the form of an irrevocable offer from OJSC International Bank of Azerbaijan.

Bank IBA-Moscow’s managing director and head of the unit of investment and private banking business Fagan Naghiyev emphasized that yesterday Fitch assigned final rating of ‘BB’ (stable) to the bond issue of Bank IBA-Moscow. The issue meets the requirements of Bank of Russia to be included in the lombard list.

"Bank IBA-Moscow set a benchmark in the stock market for the first time, which is a significant step for the development of the investment direction in the bank," Naghiyev said.