Bank Of Baku

Agrarcredit to double share capital

Agrarcredit to double share capital
# 17 September 2008 15:13 (UTC +04:00)
Bakı. Nicat Mustafayev – APA-Economics. Azerbaijan State Committee for Securities has registered Agrarcredit’s issue prospectus of ordinary registered book-entry stocks.
The volume of the issue is AZN 18 535 425 and face value per stock AZN 1. According to the issue prospectus, placement will be held by public subscription at the Baku Stock Exchange.
Experts believe placement will start in September.
If floated successfully, Agrarcredit’s share capital will double to AZN 37 070 850.
Owned by the Government of Azerbaijan, Agrarcredit non-banking lending institution has been in operation since 2001.
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THE OPERATION IS BEING PERFORMED