Bank Of Baku

Kafkaz Development Bank shares placement

Kafkaz Development Bank shares placement
# 27 December 2012 09:09 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. The start of the Kafkaz Development Bank’s ordinary, book-entry shares placement is planned to be held from December 27, 2012 at Baku Stock Exchange.

 

BSE says face value is AZN 1, quantity – 40 mln, the volume of the issue – ANZ 40 mln.

 

Underwriter is Chelsea Capital LLC. After placement, the authorized capital will increase by 3.9 times to AZN 54 mln.

 

Note that Kafkaz Development Bank has been in operation since 1996.

 

 

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THE OPERATION IS BEING PERFORMED