Friday, July 29 2011 19:13
NASDAQ OMX Armenia lists fourth issue of ARARATBANK bonds
ArmInfo. Today NASDAQ OMX Armenia held an opening bell ceremony devoted to the listing of fourth issue of ARARATBANK open joint stock company bonds.
According to the press service of NASDAQ OMX Armenia, Mr. Karen Zakaryan, Acting CEO of NASDAQ OMX Armenia welcomed the ARARATBANK's high activitiy on capital market and commented "ARARATBANK's example disproves the opinion that current markets conditions are not favourable for entering capital markets in Armenia. There are opportunities and ARARATBANK manages to successfully use them".
Mr. David Haruthunyan, Deputy CEO of ARARATBANK mentioned that all the corporate bonds previously issued by ARARATBANK enjoyed high demand on the market and the results of fourth issue's allocation also show that this issue of high interest to investors.
Starting July 29, 2011, nominal coupon bonds issued by ARARATBANK will be listed and included in the Bbond list of NASDAQ OMX Armenia. This fourth issue of the bank's bonds comprises 25,000 bonds with nominal value AMD 10,000, maturity 24 months and annual yield of 12%. The issue will be traded under ARBKB4 ticker symbol.
It is worth noting that ARARATBANK's stocks are currently admitted to exchange trading under ticker symbol ARBK.
As of December 31, 2010, the total capital of ARARATBANK was approximately AMD 10.26 billion, while total assets exceeded AMD 62 billion. The bank was established through purchase of shares of "Haykap Bank", which operated in Armenia since 1991. Over 74% of shares of ARARATBANK currently belong to "Flash" Limited Liability Company, one of the leading importers of petrol to Armenia, and 25% is held by the European Bank for Reconstruction and Development. To learn more about ARARATBANK please visit its official website www.araratbank.am. For more information on securities listed at NASDAQ OMX Armenia please visit www.nasdaqomx.am.
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 70 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 February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc. visit www.nasdaqomx.com.
On January 27, 2009, "Armenian Stock Exchange" ojsc was officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009, "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of the "Central Depository of Armenia" ojsc.
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