Bank Of Baku

Rabitabank increases authorized capital

Rabitabank increases authorized capital
# 04 June 2012 11:02 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities as registered the emission prospectus of ordinary, book-entry shares of Rabitabank OJSC.

Baku Stock Exchange says the face value is AZN 20.29, quantity – 134,100, volume of the issue – AZN 2,720,889.

The placement will be held in public offering. After placement, the authorized capital will increase by 14.4% to AZN 21,605,928. Underwriter is Chelsea Capital LLC.

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