Monday, October 1 2012 17:03

ARARATBANK is the First Issuer of USD Nominated Corporate Bonds


ArmInfo. Today at a press conference held at NASDAQ OMX Armenia, ARARATBANK ojsc announced about the 5th issue of its corporate bonds, which unlike previous ones, are nominated in USD, the press service of NASDAQ OMX Armenia told ArmInfo.

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"

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.

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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