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ARARATBANK To Make First Repayment Of Its Bonds

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  • ARARATBANK To Make First Repayment Of Its Bonds

    ARARATBANK TO MAKE FIRST REPAYMENT OF ITS BONDS

    Mediamax Agency, Armenia
    Aug 8 2007

    Yerevan, August 8 /Mediamax/. On August 10, ARARATBANK CJSC will
    make the first repayment of its coupon bonds listed at Armenian Stock
    Exchange at Abond level.

    The repayment will be by way of cash or cashless payment to the bond
    holders, Mediamax was told in the ARARATBANK CJSC press service.

    The payments will be realized on the base of the register of stock
    holders fixed in Armenian Central Depository as of 18:00, August 9.

    ARARATBANK dealing centre director David Harutiunian said that the
    realization of payments in the period of stock circulation makes this
    instrument more attractive for the investors.

    ARARATBANK CJSC coupon bonds with the circulation term of 12 months
    to the nominal value of 10.000 drams and annual interest rate of 8%
    were placed this May 10.
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