Bank Of Baku

Placement of IBA’s bonds to be started at BSE

Placement of IBA’s bonds to be started at BSE
# 17 March 2015 14:51 (UTC +04:00)

Baku. Yegane Lachinzade  - APA-Economics. On March 29, an auction on placement of ordinary, book-entry shares of the International Bank of Azerbaijan will be started at Baku Stock Exchange.  

 

BSE told APA-Economics that the volume of the issue makes AZN 100,000,000.17, face value – AZN 0.27.

 

Underwriter is International Transaction System LLC.

 

Current authorized capital of the bank is AZN 590,192,320.

 

After placement, the authorized capital will increase 16.95% to AZN 690,000,192.59.

 

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THE OPERATION IS BEING PERFORMED