Name shares of International Bank of Azerbaijan (IBA) OJSC will be placed in BSEX, starting on December 18, 2006, Trend reports referring to a message spread by the Baku Stock Exchange (BSEX). The volume of the forthcoming issue will be 60 mln. AZN. The face value per share has been set at the rate of 0,20 AZN.
According to the prospectus of the issue, the placement will be held in BSEX by means of open signing. International Transaction Systems will be the underwriter of the placement of the shares. According to the prospectus of the forthcoming issue all the shareholders have the advantageous right to buy the shares.
Presently, the paid authorized capital of IBA reaches 40 mln. AZN. The State share in the authorized capital is 50,2%. The rest was distributed among private legal and physical persons.