On the Baku Stock Exchange (BSE) started placing additional shares of Muganbank amounting to 4 million 694.2 thousand manats.
According to the BSE, after repayment of the issue the share capital of the bank will meet the requirements of the Central Bank to the capitalization increased by 10.4% to 50 million 200 manats.
According to the BSE, the placement of additional issue of securities began in the alternative segment of the market, with shares included in the stock exchange listing. Issue is divided into 23 471 shares with par value of 200 manats for security.
Underwriter of the placement of shares of additional issue is LLC Tekhnika Capital Management.
The shares must be completed before July 7, 2016.
Muganbank with the current registered capital of 45 million 306 thousand manats was established in November 1992. Its shareholders are 4 individuals. --17D-
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