Yerevan /Mediamax/. “ARARATBANK” will place on June 9 corporate coupon bonds at the sum of 400mln drams##.

As the Chairman of the Board and the Chief Executive Officer of the Bank Ashot Osipyan stated at a news conference in Yerevan today, “ARARATBANK” is going to place 40 thousand coupon bonds with the principal value of 10 thousand drams for the term of 18 months with the annual interest rate of 9%.

Ashot Osipyan reminded that the first issue was realized by the bank in May of 2007 at the volume of 250mln drams, and the positive result, as well as the increased demand in the market made it possible to increase the volume of the second issue.

According to him, for the first time an Armenian commercial bank places coupon bonds at such a large volume.

The Head of Financial Sector Deepening Project of the U.S. Agency for International Development Robert Singletary stated that such activity of the bank is very important for the financial market of the country, since this evidences that the companies, which issue short-term bonds, have the corresponding potential to prolong them.

Robert Singletary noted that the bank has good practice in the given sphere and that it can become an example for other companies.