YEREVAN, January 18. / ARKA /. The Armenia-based Araratbank said today it will place the 17th issue of USD-denominated bonds with a total value of $8 million.
The bank has issued 320,000 registered non-documentary, coupon bonds with a face value of $25, a yield of 5.25% and a maturity period of 51 months.
Araratbank is owned by Flash oil trader (64.25%) EBRD (25%) and RURAL IMPULSE FUND II SA SICAV SIF (10%). It joined NASDAQ OMX Armenia stock exchange in 2009 January. -0-
