ArmRusgazprom makes third coupon payment on its bonds

Banks

YEREVAN, January 14, /ARKA/. On January 13, 2010 “ArmRusgazprom (ARG)” CJSC made third coupon payment on its bonds (AMHRGAB22ER0). “ARMSWISSBANK” CJSC served as the settlement bank.

The agreement between ArmRusgazprom and ArmSwissbank was signed in 2008 May. Under the agreement ARG issued 1 billion Dram worth bonds with nominal price of one bond 50,00 Drams. The maturity period is 3 years, the annual interest rate is 9.5 percent.

ArmSwissbank was registered in 2004. It is 100 percent Swiss owned. ARG is a joint Russian-Armenian natural gas operator in which 80 percent is held by Russian Gazprom and 20 percent by Armenian government.  -0-

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