Bank Of Baku

Azerbaijan Industry Bank raises share capital

Azerbaijan Industry Bank raises share capital
# 28 July 2009 14:42 (UTC +04:00)
Baku. NijatMustafayev – APA-Economics. Azerbaijan State Committee on Securities has registered Azerbaijan Industry Bank’s issue prospectus of book-entry ordinary registered stocks.

The face value per stock is AZN 0.20, the total number is 36 million and the amount AZN 7.2 million.

The issue will be realized through public offering on Baku Stock Exchange. Texnika Capital management LLC will underwrite the placing of stocks.
Exchange analysts say the placing is expected to start in December.
If successful, the company’s authorized capital will rise by 56% to AZN 20 million.
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THE OPERATION IS BEING PERFORMED