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ARG Plans To Issue 1 Billion Drams Worth Corporate Bonds

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  • ARG Plans To Issue 1 Billion Drams Worth Corporate Bonds

    ARG PLANS TO ISSUE 1 BILLION DRAMS WORTH CORPORATE BONDS

    ARMENPRESS
    May 21 2007

    YEREVAN, MAY 21, ARMENPRESS: The board of directors of Armrosgazprom
    (ARG), a joint Russian-Armenian natural gas supplier venture, has
    approved of a mid-term program for issuing mid-term corporate bonds
    to raise funds to continue connecting urban and rural communities to
    the natural gas network.

    The press office of the company said it has asked the Cascade
    Investment bank to assess the project.

    The company is set to issue 1 billion Armenian Drams worth bonds.
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