Bank Of Baku

Royal Bank to start placement of issue share next week

Royal Bank to start placement of issue share next week
# 16 September 2010 07:29 (UTC +04:00)
Bakı. Nicat Mustafayev – APA-Economics. The State Committee for Securities will register the additional issue shares of “Royal Bank” OJSC, on September 20, 2010.

According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.

Issue volume AZN 1 500 000
Quantity of shares 7 500 000
Par value AZN 0.20
Underwriter Chelsea Capital LLC

Royal Bank has been in operation since 1993.
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THE OPERATION IS BEING PERFORMED