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ARDSHININVESTBANK IMPLEMENTS FIRST ISSUE OF BONDS
Noyan Tapan
http://www.nt.am?shownews=1009674
Nov 12, 2008
YEREVAN, NOVEMBER 12, NOYAN TAPAN. Ardshininvestbank CJSC has
implemented the first issue of nominal coupon bonds. NT was informed by
the bank's spokeswoman Astghik Martirosian that 150 thousand bonds,
each of the nominal value of 10,000 drams (about 32.8 USD) were
issued. The total amount of the bonds with 12 months' circulation
period made 1.5 billion drams. Their annual coupon yield is 10%.
The subscription for bonds began on November 10, 2008, the duration
of the subscription is 25 calendar days, the placement of bonds
is scheduled for December 5, their redemption - for December 5,
2009. It is envisaged that Ardshininvestbank's bonds will be listed
on the Armenian Stock Exchange within 10 workdays after the placement
day. The coupon incomes from bonds will be paid quarterly, 250 drams
for each coupon. The first payment will be made on March 5, 2009,
the second payment on June 5, the third one on September 5, and the
fourth payment (redemption of the nominal value) - on December 5, 2009.
Residents and nonresidents, natural and juridical persons may subscribe
for Ardshininvestbank's bonds.
The bank has 49 branches in Armenia, 6 branches in the Nagorno Karabakh
Republic and a representative office in Paris. By the results of the
third quarter of 2008, the bank was in first place in the Armenian
banking system by its overall assets, credit investments and net
profit, and was second by its overall liabilities. Ardshininvestbank
currently has about 157 thousand customers (natural and juridical
persons).
Noyan Tapan
http://www.nt.am?shownews=1009674
Nov 12, 2008
YEREVAN, NOVEMBER 12, NOYAN TAPAN. Ardshininvestbank CJSC has
implemented the first issue of nominal coupon bonds. NT was informed by
the bank's spokeswoman Astghik Martirosian that 150 thousand bonds,
each of the nominal value of 10,000 drams (about 32.8 USD) were
issued. The total amount of the bonds with 12 months' circulation
period made 1.5 billion drams. Their annual coupon yield is 10%.
The subscription for bonds began on November 10, 2008, the duration
of the subscription is 25 calendar days, the placement of bonds
is scheduled for December 5, their redemption - for December 5,
2009. It is envisaged that Ardshininvestbank's bonds will be listed
on the Armenian Stock Exchange within 10 workdays after the placement
day. The coupon incomes from bonds will be paid quarterly, 250 drams
for each coupon. The first payment will be made on March 5, 2009,
the second payment on June 5, the third one on September 5, and the
fourth payment (redemption of the nominal value) - on December 5, 2009.
Residents and nonresidents, natural and juridical persons may subscribe
for Ardshininvestbank's bonds.
The bank has 49 branches in Armenia, 6 branches in the Nagorno Karabakh
Republic and a representative office in Paris. By the results of the
third quarter of 2008, the bank was in first place in the Armenian
banking system by its overall assets, credit investments and net
profit, and was second by its overall liabilities. Ardshininvestbank
currently has about 157 thousand customers (natural and juridical
persons).