Yerevan, February 27 /Mediamax/. “Shen Concern” has successfully placed its bonds in the Armenian Stock Exchange.

Mediamax reports that the Central Bank of Armenia declared the bonds of “Shen Concern” reliable and concluded repo agreements with it. The volume of the repo agreement, concluded for the term of 7 days, made 18.558.5 thousand AMD at the interest rate of 4,75%.

As the Chairman of the “Shen Concern” CJSC Samvel Beglarian stated today, the whole volume of the placed bonds made 40mln AMD at the bond-equivalent yield of 9% and the term of retirement of 1 year.

The Chairman of the Armenian CB Tigran Sarkisian reminded that the Central Bank started the realization of the project on bringing the Armenian enterprises out on the Exchange 2 years ago. Several companies have already expressed their readiness to place their bonds on the Armenian Stock Exchange.

All in all, the Central Bank has carried out the rating processes of 45 enterprises. Tigran Sarkisian noted that brining out the companies on the exchange is to increase the efficiency of the money-credit policy, develop the financial market, and stimulate the realization of transparent activities by the real sector of economy.