Monday, December 13 2010 16:36
VTB Bank (Armenia) purchases full package of coupon nominal bonds 1.5 bln drams of CJSC "Shen Concern"
ArmInfo. VTB Bank (Armenia) has purchased full package of the coupon nominal bonds 1.5 bln drams of CJSC "Shen Concern", by this financing the corporative customer through the instruments of the investment market. As press-service of the bank reported, the term of the bonds circulation is 3 years, profitability 13%, nominal cost 10thsd drams and number - 150 thsd pieces.
As a result of this bargain, more than 1.5 bln drams were allocated for activity, in particular, fulfillment of the project on excavation and processing of plaster-stone in Armenia. On 3 December Armenian Central Bank registered the emission prospect and these bonds will be involved in the list of Bbond for bargaining at NASDAQ OMX Armenia beginning from today.
As Director of Finance Department of VTB Bank (Armenia) Yuri Gusyev said, at present the bank is ready to offer corporative customers the long-term financing in the national currency with attractive rates of interest using the instruments of the investment market. "Introduction and development of the instruments of corporative and investment business is one of the priority directions of the strategy of the VTB Group", - he said.