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ARARATBANK announced new issue of USD denominated bonds

June 12, 2015 | Cbonds

Today at a press conference held at NASDAQ OMX Armenia AraratBank announced the 9th issue of coupon bonds of the Company.

Mr. David Haruthunyan, Deputy CEO, AraratBank, presented financial indicators of the bank, as well as the results of previous 8 issues of corporate bonds, noting that previous issues of USD denominated bonds were enjoying high demand in the market, thus the new issue of corporate bonds is also offered in USD.
AraratBank issued 80,000 coupon bonds with nominal value of USD 25, annual yield of 7.25% and maturity of 3 years. Coupon payments will be made quarterly. Placement of the bonds will take place from June 15 till June 26, 2015 through subscribtion. Any individual or legal entity can purchase these bonds by referring to AraratBank's headquarter or branches.

Mr. Haruthunyan noted that the bonds will be listed at NASDAQ OMX Armenia, will have market-maker to ensure their liquidity in the market and will be allowed for conclusion of REPO agreements. According to Mr. Haruthunyan these bonds are a quite goof alternative to bank deposits. The bank will use collected money for the financing of economy.

Company: AraratBank

Full company nameJSC "ARARATBANK"
Country of riskArmenia
IndustryBanks

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