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Bank Respublika to raise its authorized capital by 29%

26 September 2007 15:46 (UTC +04:00)

The State Committee for Securities has registered Bank Respublikaâ€™s issue prospectus of ordinary registered stocks.
The volume of the issue is 2 666 668 AZN, face value per stock 2 AZN. According to the issue prospectus, placement will be held through public subscription on t Baku Stock Exchange.
Standard Capital LLC will underwrite the placement of stocks.
The potential bidders can apply to any Baku Stock Exchange-member organization having a brokerage license.
The placement of stocks will increase the bankâ€™s capital 28.9%.
Bank Respublika was established in 1992. The shareholders - DEG Investment Corporation and Sparkassen-Finanzgruppe hold a 25%+1 joint stake. /APA-Economics/