OREANDA-NEWS. July 10, 2013. ARARATBANK declared the first trading session of the sixth-issue bonds open. The Bank has issued and placed bonds already for the sixth time, which is unprecedented for the Armenian banking market.

The bonds have been listed at NASDAQ OMX ARMENIA Stock Exchange. The bonds will be continuously quoted by Renesa Investment Company, which has been the Bank’s market maker during the previous issues as well. The bonds will be in free circulation on the secondary market, enabling anyone interested in the purchase of such bonds to buy them via stock exchange member-investment companies.

Investors showed great interest in the Bank-issued bonds, as the placement results imply. The bond demand exceeded the volume of USD 1 million by about 30%. 123 investors took part in the placement, the majority of which were individuals. Please, be reminded that the bonds in the total volume of USD 1 million, at 8.5% annual yield, 3 years maturity and coupon yield quarterly redemption have been issued. As for the first coupon yield, it will be repaid to the investors on 14 September.

Today the 7th issue of ARARATBANK coupon bonds was announced at NASDAQ OMX ARMENIA Stock Exchange as well. Touching upon the issue of new bonds, Deputy CEO Davit Harutyunyan mentioned that ARARATBANK, taking into account the current demand on the market, offers bonds nominated in local currency as well. 40000 nominal undocumented coupon bonds at par value of AMD 10.000 and 13% annual interest rate with a maturity of 36 months will be issued. Bonds will be placed via subscription between July 01 and 19. Coupon yields will be repaid once every quarter. Any individual or legal entity, willing to acquire bonds, may apply to the Head Office or any of its branches.