Bank Of Baku

Rabitabank to start placement of new share emission tomorrow

Rabitabank to start placement of new share emission tomorrow
# 09 August 2011 11:10 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On August 10, the placement of additional share emission of Parabank registered by State Committee for Securities will be held at Baku Stock Exchange.

According to BSE, the face value of per stock is AZN 20.29, quantity – 165,988, volume of the issue – AZN 3,367,896.52. Underwriter is Caspian Financial LLC. After placement, the authorized capital will increase by 24.3% to AZN 17.4 mln.

Note that, Rabitabank has been in operation since 1993.
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THE OPERATION IS BEING PERFORMED