IBAR increases authorized capital

IBAR increases authorized capital
# 25 November 2013 14:46 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. State Committee for Securities has registered emission prospectus of ordinary, book-entry shares of International Bank of Azerbaijan.

SCC says the placement will be held in public offering. Face value is AZN 0.26, volume of the issue – AZN 200 mln.

So, IBAR’s authorized capital will increase b 54.3% to AZN 568.33 mln.

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THE OPERATION IS BEING PERFORMED