Caucasian Development Bank starts stock sale of shares of its new issue.
The Baku Stock Exchange reports that Bank’s shares were included in the BSE non-quotation list.
"Their sales at the BSE will begin on 12 January," the Exchange said.
Earlier the State Securities Committee registered Bank’s new issue prospectus under number AZ300100596P. CDB got the right to issue 3 million shares with 1 manat par value each, i.e. attract 3 million manat in its equity capital. The placement underwriter is Chelsea Capital.
To date, Bank’s charter capital has been paid for 12 million manat.
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