Azerbaijan, Baku, April 6 / Trend, N.Ismayilova /
RoyalBank applied to Baku Stock Exchange (BSE) for inclusion of its ordinary registered book-entry shares to the non-quotation list of BSE. The start of the RoyalBank's shares placement is planned to be held beginning from April 07, 2011, the Azerbaijani State Securities Committee said.
The issue includes 10 million shares with par value of 2 manat. Chelsea Capital is the underwriter of the placement.
The authorized capital of the bank is 22.14 million manat. After placing a new emission, it will hit 24.14 million manat.
RoyalBank is a commercial bank operating in Azerbaijan. It has 32 branches in Baku and regions of the country. RoyalBank was established on August 1993 as a joint commercial bank "OZ Bank".
The official exchange rate is 0.7924 manat to $1 on April 6.