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October 05, AraratBank Plans To Sell USD 1m Of Foreign Currency Bond

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  • October 05, AraratBank Plans To Sell USD 1m Of Foreign Currency Bond

    OCTOBER 05, ARARATBANK PLANS TO SELL USD 1M OF FOREIGN CURRENCY BONDS WITH 9% COUPON

    CBonds. Info
    Oct 1 2012

    Today ARARATBANK ojsc announced about the 5th issue of its corporate
    bonds, which unlike previous ones, are nominated in USD.

    Mr. David Haruthyunyan, Deputy CEO, ARARATBANK, noted that issue of
    USD bonds is conditioned by market demand for instruments, nominated
    in foreign currency, and this issue includes 40,000 coupon bonds with
    nominal value of USD 25, 9% annual yield and maturity period of 36
    months. Placement of the bonds will take place within 10 business
    days starting from October 5, 2012.

    Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia, welcomed ARARATBANK's
    initiative, stating that this issue of corporate bonds is exceptional
    by being the first one, nominated in foreign currency, in Armenian
    securities market.

    ARARATBANK is one of the most active issuers at NASDAQ OMX Armenia.

    Previous 4 issues of corporate bonds by the Company were successfully
    listed at the Exchange in 2007, 2008, 2009 and 2011, afterwards matured
    and redeemed. Currently, common nominal stocks by ARARATBANK (ARBK)
    are admitted to trading at NASDAQ OMX Armenia.

    To recall, ARARATBANK was also winner in 2 nominations of NASDAQ OMX
    Armenia "Best Member Awards 2011". The Company was acknowledged as
    "Best Exchange Member in Government Bonds Market 2011" and won grand
    prix "Best Exchange Member 2011"

    http://www.cbonds.info/cis/eng/news/index.phtml/params/id/601503

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