Baker & McKenzie successfully advised the International Bank of Azerbaijan on its debut Eurobond offering to be listed on a European stock exchange. This is the biggest Eurobond issuance in the history of the Azerbaijani banking system.
 
"The International Bank of Azerbaijan is very happy with this result and the work of its legal advisers on our debut Eurobond issue. We sincerely appreciate Baker & McKenzie's prompt assistance throughout the whole duration of the project," said Emil Mustafayev, first deputy chairman of the IBA.
 
Baker & McKenzie’s Baku team was led by Gunduz Karimov and Altay Mustafayev, with support from associates Simuzar Feyzullayeva and Jamil Alizada. A team from Baker & McKenzie's London office consisting of Christopher Hogan, Sahar Kianfar and Natasha Izmaylova and Roy Pearce from Baker & McKenzie Moscow also worked on the deal.
 
Established in Baku in 1992, the International Bank of Azerbaijan is the country's biggest bank providing important support to the stability of Azerbaijan's banking system, its confidence domestically and internationally, as well as to the socio-economic development of the country. Headquartered in Baku, the bank consists of 36 branches and 95 service outlets in more than 40 cities in Azerbaijan. It has subsidiaries in Russia and Georgia, as well as representative offices in Dubai, Frankfurt, London, Luxembourg, and New York.