{"id":59096,"date":"2017-07-24T08:54:42","date_gmt":"2017-07-24T12:54:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59096"},"modified":"2017-07-24T08:54:42","modified_gmt":"2017-07-24T12:54:42","slug":"iba-wins-approval","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2017\/iba-wins-approval.html","title":{"rendered":"IBA Wins Approval"},"content":{"rendered":"<p>\n(Reuters) International Bank of Azerbaijan (IBA) said a plan to restructure US$3.3bn of its debt won approval from creditors holding 93.9% face value of the affected credits.   Claimants with 94.1% of the principal amount cast votes, the state-run bank said in a statement on Tuesday, Reuters reported. Two-thirds support was needed for the plan to be adopted.   IBA creditors include domestic state oil fund Sofaz, commodities trader Cargill, Italian lender Intesa Sanpaolo, Germany&#8217;s Commerzbank and Bayerische Landesbank and France&#8217;s Societe Generale. Several big asset managers are holders of its Eurobond.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/iba-wins-approval-idUSL5N1KA4SI\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) International Bank of Azerbaijan (IBA) said a plan to restructure US$3.3bn of its debt won approval from creditors holding 93.9% face value of the affected credits. Claimants with 94.1% of the principal amount cast votes, the state-run bank said [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59096","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59096"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59096\/revisions"}],"predecessor-version":[{"id":59097,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59096\/revisions\/59097"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}