OREANDA-NEWS. October 29, 2010. Azerbaijan’s Expressbank OJSC has resumed the process of this year’s active recapitalization.

The Baku Stock Exchange reports that the State Committee for Securities has registered the issue prospectus of ordinary registered book-entry shares of Expressbank.

Under the issue prospectus, the placement will be carried out by open subscription at the BSE. The Bank got the right to issue 48,077 shares at par value of 208 manats each. The volume of the issue with state registration number AZ100200540P is 10 million manats. Unicapital OJSC is the placement underwriter.