Azerbaijani Industrial Bank ups authorized capital
Azerbaijan, Baku, July 28 / Trend /
The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Azerbaijan Industrial Bank, Baku Stock Exchange said.
The volume of the issue is 7.2 million manat, face value per share 0.20 manat. According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.
Technika Capital Management LLC will be the underwriter of placement of stocks.
As of July 28, authorized capital of the bank hits 12.8 million manat. Azerbaijani Industrial Bank was established in 1996 as OJSC.
On July 28, the official exchange rate is 0.8041 manat to $1.