Turanbank Increases its Statutory Capital

Business Materials 29 March 2007 12:11

Azerbaijan, Baku / corr. Trend I.Khalilova / The State Committee for Securities registered the issue prospectus of ordinary registered stocks of  "Turanbank" OJSC.

The volume of the issue is AZN 1,000,000 and face value per stock 1,000 AZN. According to the issue prospectus, placement will be held by means of a public subscription at the Baku Stock Exchange. "Standard Capital" LLC will be the underwriter of stock placements.

Those intending to purchase stocks may apply through any organization that has membership with "Baku Stock Exchange" CJSC or holds a brokerage license. The "Turanbank" OJSC issue prospectus of stocks is placed on the Baku Stock Exchange website.