Azerbaijan, Baku, 27 August / Trend corr. U.Ismayilova / The State Committee for Securities registered the issue prospectus of the ordinary registered stocks of OJSC "BakiSighorta". The volume of the issue is AZN 700,000, the face value per stock AZN 200.
According to the issue prospectus, placement will be held by means of the initial public offering on Baku Stock Exchange. "Respublika Invest" will be the underwriter of stocks placement. As provided in the issue prospectus of the stocks, the shareholders of the Issuer have the right of priority during 1 months to acquire the stocks to be placed in proportion to their equity positions in the authorized capital.
Baki Sigorta's authorized capital is reached to AZN 1.4mln.
As for January-June 2008, Baki Sigorta collected premiums in the sum of AZN 3.85mlnwith payments AZN 0.31mln.
Baki Sigorta replaced Tiral Sigorta in the Azerbaijani insurance market.
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