Yerevan/Mediamax/. "SAS-Group" LLC issued coupon dollar bonds for USD 7mln.

Director of "SAS" supermarket chain Stepan Sahakyan said during a press conference today that the annual coupon yield of the bonds makes 10.1%, nominal cost of a bond -USD10, the time of turnover - 2 years.

The bonds will be placed by Ameriabank from December 4 up to January 10, 2013.

"The coupons will be paid within 6 months - at 5.05% from nominal cost of the bond. The bonds may be purchased by individuals and legal entities", said the Head of the Investment and Banking Operations Department of Ameriabank Arno Mosikyan adding that after the placement the bonds will be listed on the NASDAQ OMX Armenia Stock Exchange.  

According to Arno Mosikyan, foreign investors also intend to purchase the bonds.

Stepan Sahakyan noted that the funds gained from the bonds will be aimed at expansion of the supermarkets chain. "We are going to expand our supermarket chain in Yerevan and open supermarkets in all the administrative districts", stated Stepan Sahakyan noting that the company isn't going to expand its operation in the Armenian regions yet.

The prospect of the public offer of the bonds is published on the sites of the Central Bank, Ameriabank and SAS-Group.

The public placement of the dollar bonds of SAS-Group is the second similar initiative of on the Armenian capital market - in early October 2012, ARARATBANK issued dollar bonds at USD1mln, with 9% yield and 36months of time of turnover.