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Azerbaijani TuranBank increases capital

Business Materials 23 October 2012 09:07 (UTC +04:00)
Placement of interest, unsecured, registered, book-entry bonds of Turanbank, issued for a total of 6.196 million manat on Baku Stock Exchange (BSE) will start from Oct 29, BSE said.

Azerbaijan, Baku, October 22 /Trend. J.Nasibova/

Placement of interest, unsecured, registered, book-entry bonds of Turanbank, issued for a total of 6.196 million manat on Baku Stock Exchange (BSE) will start from Oct 29, BSE said.

"The bank asked for inclusion of its shares in non-quotation list of the BSE," BSE says.

Under the prospectus, 5,727 bonds par value of 1,082 manat each were issued.

The underwriter of the placement is Çelsi Kapital.

As a result of the placement, the authorized capital of the bank will reach to 30 million manat.

Turanbank was established in 1992.

Official exchange rate on Oct 22 is 0.785 AZN/USD

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