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"Ararat Bank" - The First Bank In Armenia To Issue Bonds

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  • "Ararat Bank" - The First Bank In Armenia To Issue Bonds

    "ARARAT BANK" - THE FIRST BANK IN ARMENIA TO ISSUE BONDS

    AZG Armenian Daily
    05/05/2007

    Ashot Osipian, "Ararat bank's" executive director informed us that
    the bank has already issued the first part of corporative bonds -
    the nominal value of each bond is 10.000 drams, total value - 250 M
    drams, and 8% profitableness. He also said that the distribution of
    the bonds will go on until May 10 and after that they will inform
    about the results.

    Actually, "Ararat" bank is the first bank in Armenia that applies
    surplus means in the financial market. We want to remind also that
    "Shen Concern" was the first enterprise in Armenia that issued bonds.
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