Bank Of Baku

Kavkaz Development Bank increases authorized capital

Kavkaz Development Bank increases authorized capital
# 05 September 2014 11:15 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. State Committee for Securities has registered emission prospectus of ordinary, book-entry shares of Kavkaz Development Bank.

 

SCS says face value is AZN 1, quantity – 7,000,000, volume of the issue – AZN 7 mln.

 

The placement will be held in public offering. After placement, the authorized capital will increase by 12.73% to AZN 62 mln.

 

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THE OPERATION IS BEING PERFORMED