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IMEX Group Makes 1st Quarterly Coupon Payment Through Ameriabank

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  • IMEX Group Makes 1st Quarterly Coupon Payment Through Ameriabank

    IMEX GROUP MAKES 1ST QUARTERLY COUPON PAYMENT THROUGH AMERIABANK

    ARKA
    Jan 15, 2009

    YEREVAN, January 15. /ARKA/. "IMEX Group" LLC made first payment of
    quarterly coupon of its bonds through Ameriabank closed joint stock
    company on January 13.

    The press service of Ameriabank reported that the bonds had been
    completely placed by the bank (ISIN bond identification code
    AMEMXGB21ER2, stock-ticker EMXGB1).

    Total volume of bond issues of October 13 2008 was 1bln Drams. Nominal
    value of each bond was 10,000 Drams and the maturity period 24 months
    (with an offer on buyback within a year after placement). Coupon
    percent is 11.50% with coupon payments to be made every quarter.

    Ameriabank (former Armimpexbank) was established in July 1992 on the
    basis of the Armenian branch of the USSR Vnesheconombank. On September
    8, 1992, the Central Bank of Armenia issued a license to the bank.

    TDA Holdings Limited, affiliate of the Russian Troika Dialog Investment
    Company, became the bank's principal shareholder (96.15%) in August
    2007. In May 2008 the bank was renamed Ameriabank.

    Armenian Stock Exchange awarded a status of market-maker of the bonds
    of IMEX Group to Ameriabank on December 3 2008.

    Profit of Ameriabank had totaled 830mln Drams by December 1 2008. The
    bank's total capital exceeded 20bln Drams; the authorized stock
    was 18.2bln Drams. Assets of the bank grew by 5 times over 2008 and
    totaled about 45bln Drams on D ecember 1. ($1=305.35Drams).
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