Bank Of Baku

Turanbank starts placement of new share emission

Turanbank starts placement of new share emission
# 29 March 2013 08:23 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. Placement of additional ordinary, book-entry shares of Turanbank will start from April 1.

 

Baku Stock Exchange says the face value is AZN 1,082, quantity – 9,243 and the volume of the issue – AZN 10,000,926. The emission will be placed in public offering. Following placement, the authorized capital will increase by 33.3% to AZN 40 mln. Underwriter is Chelsea Capital.

 

Remind that owned by 5 legal entities and 20 individuals Turanbank has been in operation since 1992. 

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THE OPERATION IS BEING PERFORMED