ARG redeems one billion drams worth coupon bonds

YEREVAN, July 13. / ARKA /. One billion drams worth corporate bonds of ArmRosGazprom (ARG), Armenia’s natural gas operator, were redeemed July 7, 2011, ArmSwissBank told ARKA adding that coupon payments amounted to 475 million drams.

Armswissbank acted as the underwriter and a settlement bank for ArmRosGazprom bonds. ARG’s bonds are included by Nasdaq OMX Armenia stock exchange in Abond listing upper level, along with bonds of Araratbank. The IPO of the second issue bonds of ARG worth one billion drams was conducted in 2008 July at 9.5% annual interest rate.

ArmRosGazprom is the only supplier of natural gas to Armenia form Russia The Russian-Armenian company was founded in 1997 and currently its assets are valued at $580 million. Armswissbank is a bank with a 100 percent Swiss capital. ($1 – 336.9 drams). -0-

spot_img

POPULAR

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Tokenization could change the investment philosophy in Armenia – expert

Tokenization is a serious mechanism that could change the investment philosophy in Armenia, noted Felix Vartanov, CEO and shareholder of the investment and holding company BlackRiver Capital (Dubai).

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

LATEST NEWS

spot_imgspot_imgspot_img