Yerevan /Mediamax/. Second IPO in Armenia is expected to take place by the end of 2009, General Director of “NASDAQ OMX Armenia” stock exchange Armen Melikyan stated in Yerevan today.

Answering the question of Mediamax on the prospects of the market of bonds in Armenia after AMD devaluation, Armen Melikyan stated that “circulation of bonds will decline as long as the period of stagnation is in process, before the market digests AMD devaluation”.

“In the nearest months, reduction in the number of corporate bonds issue is expected”, Armen Melikyan stated, noting that at present more auspicious conditions for share issue are emerging in Armenia.