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-
