Tweet
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
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