Azerbaijan, Baku, Dec. 26 / Trend J. Nasibova /
Celsi Kapital LLC applied to "Baku Stock Exchange"(BSE) for inclusion of "Qafqaz İnkişaf Bankı" ordinary registered book entry shares to the non-quotation list of BSE. The start of the "Qafqaz İnkişaf Bankı" s shares placement is planned to be held from December 27, 2012
The issue volume is 40 million shares with par value 1 manat.
Underwriter is Celsi Kapital.
As a result, the authorized capital will be increased from 14 million manat to 54 million manat.
"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 0,7848 AZN/USD on Dec. 26.