Bank Of Baku

Mugan Bank starts placement of new share emission

Mugan Bank starts placement of new share emission
# 29 March 2012 08:38 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Since today, placement of new emission of registered ordinary, book-entry shares of Mugan Bank will start in Baku Stock Exchange.

BSE says quantity is 30,729, face value – AZN 200 and volume of the issue – AZN 6,055,800. Underwriter is Technika Capital Management. After placement the authorized capital will increase by 27.2% to AZN 28,305,800.

Remind that, Mugan Bank has been in operation since 1992. The bank operates 27 branches, 30 ATMs and 69 POS-terminals.
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THE OPERATION IS BEING PERFORMED