Caucasian Development Bank places shares in Azerbaijan
Azerbaijan, Baku, Jan. 11 / Trend N. Ismayilova /
"Celsi Kapital" company applied to "Baku Stock Exchange"(BSE) to include "Qafqaz İnkişaf Bankı" preferred registered book-entry shares to the non-quotation list of BSE, BSE said today. The start of the OJSC "Qafqaz İnkişaf Bankı" s shares placement is planned to be held beginning from January 12, 2012.
The issue volume is 3 million manat. The quantity of shares is 3 million par value 1 manat. Underwriter is "Celsi Kapital" company.
"Caucasian Development Bank" was founded on April 23, 1996 to address issues of accelerating socio-economic development of Caucasus countries with the help of enterprises, banks, organizations and citizens of Azerbaijan, USA, Germany, Russia and Georgia.
The official exchange rate is 0,7863 AZN/USD.