Yerevan /Mediamax/. “ARARATBANK” OJSC is realizing placement of the third issue of its coupon bonds at the volume of 250mln AMD from December 14 to 25.

Mediamax reports that the Deputy Executive Director of “ARARATBANK” David Harutyunyan and the Head of Strategy and Methodology Department of the bank Garik Adamyan informed on this today.

The nominal value of bonds makes 10 thousand AMD (25 thousand bonds), the annual yield – 10%, coupon payments will be realized each quarter. The bond circulation term makes 18 months.

Placement of bonds will last till December 25, after which the bank will turn to “NASDAQ OMX Armenia” for the bonds to be listed. Individuals and legal entities (residents and non-residents) can purchase securities in the head office and the branches of the bank.

David Harutyunyan reminded that “ARARATBANK” held the first issue of bonds in 2007 at the volume of 250mln AMD, and the second one, at the volume of 400mln AMD, was held in June, 2008. Circulation of two issues of bank’s bonds at the Stock Exchange exceeded 700mln AMD.

“ARARATBANK” representatives also informed that the means, attracted as a result of this placement, will be directed to crediting small and medium enterprises.