Azerbaijan, Baku, July 10 / Trend /
The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of "Azerdemiryolbank" OJSC.
The volume of the issue is 10 million manat, face value per stock 0,20 manat.
Presently, authorized capital of the bank is 13.4 million manat.
According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.
"ADB Broker" LLC will be the underwriter of placement of stocks.
Those intending to purchase stocks can apply to an organization being the member of "Baku Stock Exchange" CJSC and having a brokerage license.
Azerdemiryolbank was established in 1989. The European Bank for Reconstruction and Development and Netherlands Finance Development Company (FMO) are among share holders of the bank. Roughly 31 branches and department of the bank operate in Baku and regions of Azerbaijan.
On July 10, the official exchange rate is 0.8043 manat to $1.