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Araratbank To Be Ready For First Issue Of Shares This Autumn

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  • Araratbank To Be Ready For First Issue Of Shares This Autumn

    ARARATBANK TO BE READY FOR FIRST ISSUE OF SHARES THIS AUTUMN

    Noyan Tapan
    Jun 22 2007

    YEREVAN, JUNE 22, NOYAN TAPAN. Araratbank is going to reorganize from
    closed joint stock company into an open joint stock company and to
    make an initial placement offer. The bank's executive director Ashot
    Osipian stated this at the June 22 press conference. He said that
    this autumn the bank will be ready for the first issue of shares.

    A. Osipian reminded that Araratbank completed the issue of 10 thousand
    corporate bonds of 250 million drams (about 714 thousand USD) in May
    2007 and listed them on the Armenian Stock Exchange.

    From: Emil Lazarian | Ararat NewsPress
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