Tue, 29 April
14.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Araratbank to make seventh issue of AMD-denominated bonds

YEREVAN, June 28./ARKA/. Armenian Araratbank announced Friday it was to make the seventh issue of AMD-denominated coupon bonds worth of 400 million drams.

The decision was made to meet the revealed market demand, deputy executive director David Harutyunyan noted.

“The bank will issue 40,000 bonds, the face value of each bond will be 10,000 drams, at 13% interest rate. The maturity period will be 36 months. Coupon payments will be due each quarter,” he said.

Any legal entity or individual can buy bonds visiting the head office or any branch of the bank.
Araratbank was established in 1991. On 31 October 1996, the bank received the banking license №4.  Some 74.18 percent in Araratbank is owned by Barsegh Beglarian, the owner of Flash oil trader, 25% is owned by EBRD. On 30 January 2009, the bank joined  NASDAQ OMX Armenia. ($1 – 409.60 drams). —0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Instruments for supporting SMEs in Armenia were discussed with bankers at the Ministry of Economy

Financial instruments for supporting small and medium-sized businesses (SMEs) were discussed by Deputy Minister of Economy of Armenia Lilia Sirakanyan and bank representatives.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

LATEST NEWS

spot_imgspot_imgspot_img