JSC TuranBank has started placing additional shares to 3,000,386 manat.
According to the Baku Stock Exchange (BSE), which is conducted at the site of placement, this will increase the authorized capital of the bank by 6.8% - up to 47,000,540 manats.
According to BSE, the securities are included in the quotation list Exchange. Additional issue is divided into 2773 shares with par value of 1,082 manat.
Placement of shares this issue should be completed August 31, 2014. Underwriter of the transaction is LLC Chelsea Capital.
The authorized capital of the bank is yet 44,000,154 manats. The AR Central Bank’s requirement is bringing the capital to 50 million manat. - 17D-
Economics
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