Bank Of Baku

Kavkaz Development Bank increases authorized capital

Kavkaz Development Bank increases authorized capital
# 12 September 2014 10:57 (UTC +04:00)

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

 

Baku Stock Exchange says that the volume of the issue is AZN 7 mln, face value – AZN 1.

 

Underwriter is Chelsea Capital LLC.

 

After placement, the authorized capital will increase by 12.7% to AZN 62 mln.

 

 

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THE OPERATION IS BEING PERFORMED