Baku, Azerbaijan, Sept. 11
By Zulfiyya Gurbanova - Trend:
Azerbaijan's State Securities Committee (SSC) registered the issue prospectus of nominal non-documentary shares of the Caucasus Development Bank.
The issue volume is 7 million AZN, Baku Stock Exchange (BSE) said Sept. 11.
Seven million shares at par value of 1 AZN each will be issued as part of the emission.
The placement underwriter is the Chelsea Capital LLC.
Following the placement of shares the bank's authorized capital will increase by 12.73 percent up to 62 million AZN.
The bank's authorized capital in the first half of this year stood at 55 million AZN, while total capital was 60.32 million AZN, and assets - 132.98 million AZN.
Caucasus Development Bank JSC was founded April 23, 1996 to address the issues to accelerate the socio-economic development of the countries if the Caucasus, with an assistance of enterprises, banks, organizations and citizens of Azerbaijan, Georgia, U.S., Germany, and Russia.
The official exchange rate for Sept. 11 is 0.7843 AZN/USD.
Edited by CN