Bank Of Baku

IBAR to start placement of new bond emission next week

IBAR to start placement of new bond emission next week
# 30 May 2012 14:58 (UTC +04:00)
Bank says face value per bond is AZN 0.24, quantity – 416 666 675 and volume of the issue – AZN 100,000,002. The emission will be held in public offering. Underwriter is International Transaction System. After the placement, authorized capital of the bank will rise 41.7% to AZN 340 mln.

Note that, IBAR has been in operation since 1992.
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THE OPERATION IS BEING PERFORMED