Bank Of Baku

Turanbank raises share capital

Turanbank raises share capital
# 17 March 2009 09:29 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of “Turanbank” OJSC.
The volume of the issue is 1 000 000 AZN, face value per stock 1 000 AZN. According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.
«AzerInterTrade » LLC will be the underwriter of placement of stocks.
The placement of stocks is likely to start in late March.
If realized successfully, the bank’s authorized capital will rise by 6.2% to AZN 17 million.
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THE OPERATION IS BEING PERFORMED