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An Azerbaijani Bank Increases Authorized Capital

Business Materials 3 May 2007 21:11 (UTC +04:00)

Azerbaijan, Baku/ Trend / The State Securities Committee under the Azerbaijan Presidential Administration has registered a prospectus of issue of ordinary registered stocks of "Xalq Bank" OJSC, a message being disseminated by BSEX (Baku Stock Exchange) says.

The amount of the forthcoming issue is AZN 17.300.000, with the face value per stock of AZN 25. According to the issue prospectus, the forthcoming placement will be held through a public subscription method at the Baku Stock Exchange.

"ADB Broker" LLC will be the underwriter of the forthcoming placement of the stocks.

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