Tue, 22 July
33.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Araratbank completes placement of 250 million drams worth corporate bonds

YEREVAN, July 12. / ARKA /. Armenian Araratbank said Monday it had completed the placement of the fourth issue of corporate bonds worth 250 million drams. According to a press release of the bank, sent to ARKA, it issued 25,000 bonds from June 20 to July 11. The demand for bonds was 25% higher.

Some 194 investors participated in the placement, including 11 legal persons and i183 individuals.

The press release said the rights of bond holders will be registered with the Central Depository of Armenia on July 12. Payment of coupon yield will made every quarter.

Araratbank, previously called Haykap Bank, was founded in 1991 and provides a full range of banking services to corporate, small, medium and retail customers. The bank has established a reputation as a small but reliable and dynamically growing financial institution. EBRD holds 25% in Araratbank. The rest is held by Barsegh Beglarian, head of the biggest petrol importing company Flash. Araratbank joined NASDAQ OMX Armenia January 30, 2009. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Euro and dollar rise against Armenian dram, as Russian ruble falls slightly

The average market exchange rate of the US dollar against the Armenian dram as of July 14, 2025, increased by 0.23 points compared to July 11 and amounted to 384.14 drams.

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

LATEST NEWS

spot_imgspot_imgspot_img