Placement of fourteenth issue bonds completed

On 03 November 2017, ARARATBANK OJSC completed the primary placement of USD bonds of the fourteenth issue. Significant interest was shown towards bonds — demand has exceeded supply by 36%.        

The issuing volume made USD 5 million, annual yield of 5.75% and maturity of 51 months.  
Bonds were acquired by 207 individuals and 2 legal entities. In terms of volume, 89.70% of investors were individuals and 10.30% - legal entities.  

Bonds will be listed at NASDAQ OMX ARMENIA Stock Exchange within 10 business days, ensuring free circulation.  

In addition, five USD bonds and one AMD bond — previously issued by ARARATBANK OJSC and quoted at NASDAQ OMX ARMENIA Stock Exchange — are currently in circulation.   

Under the Law of the Republic of Armenian “On Guarantee of Remuneration of Bank Deposits of Physical Entities”, cash funds attracted by nominal bonds issued by the bank shall be considered guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia.