Bank Of Baku

UniBank doubles authorized capital

UniBank doubles authorized capital
# 02 April 2009 09:25 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of “UniBank” OJSC.
The volume of the issue is 15 000 000 AZN, face value per stock 2 AZN. According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.
«UniCapital» OJSC will be the underwriter of placement of stocks.
Experts expect the placing of stocks will start in April. If successfully placed, the bank’s authorized capital will double from AZN 15 million.
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THE OPERATION IS BEING PERFORMED