OREANDA-NEWS. December  14, 2007. The State Securities Committee under the President’s Office of Azerbaijan has registered an issue prospectus of ordinary book-entry shares Azer Asiya insurance company.

The issue volume is AZN 30,000 with face value of AZN 100 per share.

Under the prospectus, the placement will be conducted in an open subscription method at the Baku Stock Exchange. AzerInterTrade LLC will be the placement underwriter. The previous issue of Azer Asiya was registered earlier this October. Its volume was 7,700 shares with face value of AZN 100 per share.

Azer Asiya informed that the fresh issue will be placed until late 2007 and as a result Company’s charter capital will make AZN 800,000.

Azer Asiya is a joint venture between Iran’s Asiya (49%) and Azerbaijan’s state commercial Azersigorta (51%).

Azer Asiya capital stock has been paid at the level of AZN 770,000.