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Renesa CJSC Becomes Market Maker For Araratbank Bonds

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  • Renesa CJSC Becomes Market Maker For Araratbank Bonds

    RENESA CJSC BECOMES MARKET MAKER FOR ARARATBANK BONDS

    ArmInfo
    2009-01-26 22:42:00

    ArmInfo. Starting January 27, 2009, Renesa closed joint stock company,
    a member of the Armenian Stock Exchange (Armex) since January 24,
    2002, will provide buy and sell prices for the second issue of nominal
    coupon bonds of Araratbank open joint stock company, which was listed
    on Armex on July 23, 2008 under ticker symbol ARBKB2. As Marketing
    and Communications Division of NASDAQ OMX Armenia told ArmInfo, this
    issue of Araratbank bonds consists of 40,000 bonds with nominal value
    of AMD 10,000 and coupon yield of 9%p.a., and is due for redemption
    on December 24, 2009. The issue is included in Armex' Bbond list.

    As the market maker of Araratbank bonds, Renesa cjsc will enhance
    their liquidity ensuring that investors are always able to buy and
    sell the bonds in the secondary market.

    To note, the NASDAQ OMX Group, Inc. is the world's largest exchange
    company.

    It delivers trading, exchange technology and public company services
    across six continents, and with over 3,900 companies, it is number
    one in worldwide listings among major markets. NASDAQ OMX technology
    supports the operations of over 60 exchanges, clearing organizations
    and central securities depositories in more than 50 countries.

    In January 2008, Nordic exchange operator OMX Group acquired 100%
    of shares of the Armenian Stock Exchange (Armex) and the Central
    Depository of Armenia (CDA). After the combination of NASDAQ and OMX
    in March 2008, Armex and CDA have become fully owned by the NASDAQ
    OMX Group, Inc.
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