TODAY.AZ / Business

State Committee on Securities Chairman gives press conference

17 July 2006 [14:30] - TODAY.AZ
Today Azerbaijani State Committee on Securities chairman, Gunduz Mammadov, gave press conference on the first half of the current year.

As APA reports, he said that 72 stock issues of AZN 125 202 325 by 64 issuers were registered within this period. 64 issues of AZN 102 278 470 by 58 issuers were registered last year respective period.

"Moreover, 25 banks' 32 share issues of AZN 112 873 188 i.e 90.1% of the total issues were registered (24 banks' 30 stock issues of AZN 70 487 312 were registered in first half of 2005, 68.9%). 23 Joint-Stock Companies' 23 stock issues of AZN 9 207 324 i.e 7.4 percent of total stock issues (19 stock issues of AZN 5 831 502, 5.7%), 5 insurance companies' 6 stock issues of AZN 2 520 000 i.e 2 percent of total stock issues (4 insurance companies' 4 stock issues of AZN 3 745 800, 3.7%), a leasing company's one stock issue of AZN 400 000 i.e 0.3 percent of total stock issue (one leasing company's one stock issue of AZN 600 000) were registered in this period."

The Chairman also said that in this period stocks were issued in an undocumented way in 64 issues and in documented way in 3 issues, 45 issues were placed through public offering and 27 issues were placed through closed placement.

"Six issuers' 3 corporate stock issues of AZN 6mn and 6 corporate stock issues of $10 160 000 were not registered. Issues of corporate stocks were not registered in past six months. An issuer's one deposit certificate issue was registered. 16 issues of T-bills equaled AZN 69mn and factually placed stocks constituted AZN 41 904 000. Weighted average YTM for auctions constituted 9.6 percent and as of July 1, T-bills in circulation equaled AZN 24 957 800."

URL: http://www.today.az/news/business/28230.html

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