Shares of Rabitabank included in stock exchange non-quotation list
Azerbaijan, Baku, October 22 /Trend. J.Nasibova/
Placement of interest, unsecured, registered, book-entry bonds of Rabitаbank, issued for a total of 8.394 million manat on Baku Stock Exchange (BSE) will start from Oct 29, BSE said.
"The bank asked for inclusion of its shares in non-quotation list of the BSE," BSE says.
Under the prospectus, 413,705 bonds par value of 20,29 manat each were issued.
The underwriter of the placement is Çelsi Kapital.
As a result of the placement, the authorized capital of the bank will be increased from 21.605 million manat to 29.999 million manat.
Rabitabank is a commercial bank that has operated since 1993 in Azerbaijan. In September 2010 Rabitabank signed an investment agreement with the International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) in connection with their entry into the shareholding structure of the Azerbaijani bank.
Official exchange rate on Oct 22 is 0.785 AZN/USD