TuranBank ups capital

Placement of interest, unsecured, registered, book-entry bonds of Turanbank, issued for a total of 6.196 million manat on Baku Stock Exchange (BSE) will start from Oct 29, BSE said.

"The bank asked for inclusion of its shares in non-quotation list of the BSE," BSE says.

Under the prospectus, 5,727 bonds par value of 1,082 manat each were issued.

The underwriter of the placement is Çelsi Kapital.

As a result of the placement, the authorized capital of the bank will reach to 30 million manat.

Turanbank was established in 1992.


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