Azerbaijani TuranBank increases capital
Azerbaijan, Baku, October 22 /Trend. J.Nasibova/
Placement of interest, unsecured, registered, book-entry bonds of Turanbank, issued for a total of 6.196 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, 5,727 bonds par value of 1,082 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 reach to 30 million manat.
Turanbank was established in 1992.
Official exchange rate on Oct 22 is 0.785 AZN/USD