OREANDA-NEWS. May 18, 2010. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Standard Insurance OJSC.

The Baku Stock Exchange informs that in accordance with the issue prospectus the placement will be held by means of the public subscription method at the BSE.

Totally 30,000 shares with par value of 100 manats registered. Overall issue volume is 3 million manats. The placement underwriter is Standard Capital LLC.

Standard Insurance has been operating in Azerbaijan since 2002.

Its current equity capital is 8 million manats.