RIA NOVOSTI. Moscow Mortgage Agency, a bank controlled by City Hall, is to increase its charter capital by Rub 1.92 bln from the current Rub 1.21 bln, the lending institution’s press service reported.
The decision to stage an SPO was taken by the bank’s sole owner (City Hall represented by the Property Department) the day before, i.e. on April 6. Specifically, 40,000 securities will be placed via closed subscription. With the par value of Rub 48,000.00 each, the stocks will be sold at Rub 60,000.00 apiece. “The placement price was determined by the BoD on the basis of a report compiled by Soyuzotsenka, an independent appraiser”.
