ARARATBANK carried out the forth issue of coupon bonds in the amount of AMD 250mln ($670 thousand). The nominal value of one bond is AMD 10 000, the maturity date is 2 years, the coupon rate is 12% annually.

Deputy Director General of the bank, David Harutyunian, said today that the placement of securities will start on June 20 and will last 15 working days, after which the bonds will be listed at NASDAQ OMX Armenia, Mediamax reports.

David Harutyunian also noted that the means attracted from the placement will be directed to micro financing.

The placement is carried out through the bank’s head office and branches.

The total amount of first three bond emissions of ARARATBAK (2207,2008, 2009) made AMD 900mln. The third issue of bonds is currently in circulation at Stock Exchange. Redemption date is June 27, 2011.