Bank Of Baku

Kavkaz Development Bank increases authorized capital

Kavkaz Development Bank increases authorized capital
# 21 December 2011 10:36 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of book entry shares of Kavkaz Development Bank.

Baku Stock Exchange says the face value is AZN 1, quantity – 3,000,000 and volume – AZN 3,000,000.

Underwriter is Chelsea Capital Company. The emission will be placed in public offering. After placement, the authorized capital will increase by 30% to AZN 13 mln.

Note that, Kavkaz Development Bank has been in operation since 1996.
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THE OPERATION IS BEING PERFORMED