ARARATBANK pays off second issue of corporative loan at 400 mln drams

To recall, 40 thsd bonds were issued by the bank within the frames of the given emission, 10thsd drams each, 9% annualized gain and 548 days circulation period. The first placement of the second issue of bonds of the bank took place on 9-24 June 2008. The coupon payments of the issue were implemented every quarter.

According to NASDAQ OMX Armenia, the volume of the deals at the stock exchange over the whole period of circulation (23 July 2008-24 December 2009) of the bonds of this issue amounted to 265 mln drams. The total of 41 deals of the weighted average portfolio yield at 9,09% were implemented by the bank over that period of time.

To recall, ARARATBANK has recently emitted the third issue of the registered coupon bonds in a volume 250 mln drams. The first placement of the third issue by the bank will take place on 14-25 December of the current year. within the frames of this issue the bank emitted 25 thsd bonds with nominal price 10 thsd drams each, 10% annualized gain and 18 months repayment period.

To note, major shareholders of ARARATBANK are: one of the biggest oil traders of Armenia “Flash” company 74,1% share, Evrobank - 25%+1 share. As of 1 October 2009 the total capital of the bank amounted to 7.7 bln drams, the assets - 29 bln drams and provision of crediting - 15.9 bln drams.