Rabitabank starts placement of new share emission

Rabitabank starts placement of new share emission
# 20 June 2012 11:34 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Today, placement of ordinary, book-entry shares of Rabitabank OJSC was held at Baku Stock Exchange.

BSE says face value of shares is AZN 20.29, quantity – 134,100 and volume of the issue – AZN 2,720,889.

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

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