Credo Bank placed more than a quarter of the announced issuance of shares
Shares of Credo Bank for a total of 1 million manats were posted on Monday, at the Baku Stock Exchange.
Emission three thousand ordinary shares of par value of documentary 10 thousand manats passed state registration in October 2012. According to the Exchange, all the shares were sold in a single transaction (one investor). Underwriting services were provided by Ltd. Chelsea Capital. Today there has been posted 26% (7.8 million manat) of the announced issue. According to the legislation issue is held in case of placing half of it.
Paid-up share capital of the bank, thus, reached 28.34 million manat. CredoBank shareholders are 11 individuals and two entities. -15B-
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