YEREVAN, March 28. / ARKA /. Armenian Araratbank said today it made a regular coupon payments on its own bonds in the amount of 6.25 million AMD. According to the report, the incomes were placed on bond owners’ accounts in accordance with a list of bond owners registered by the Central Depository of Armenia.
This tranche comprises 25 thousand bonds with a nominal value of 10 thousand AMD each and a 10% coupon interest rate per annum. Coupon payments are conducted every three months.
Araratbank, previously called Haykap Bank, was founded in 1991 and provides a full range of banking services to corporate, MSME and retail customers. The bank has established a reputation as a small but reliable and dynamically growing financial institution. The EBRD holds 25% plus one share in Araratbank. The rest is owned by Barsegh Beglarian, head of the biggest petrol importing company Flash. Araratbank joined NASDAQ OMX Armenia January 30, 2009. It has 31 branches across the country. ($1- 367,89 Drams). -0-
