Credo Bank posted a 1.7% of the announced issue
The shares of Credo Bank for a total amount of 500,000 manats were posted on Tuesday at the Baku Stock Exchange.
The issue of 3,000 ordinary shares of par value of 10 thousand manats passed state registration in October. According to the Exchange, all the shares were sold in a single transaction (one investor). The underwriting Services were provided by Chelsea Capital LLC. They have posted 1.7% of the announced issue.
The paid-up share capital of the bank, thus, reached 21.04 million manat. Credo Bank shareholders are 11 individuals and two entities. -15B-
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