Placement of 22nd issue bonds successfully completed

ARARATBANK OJSC completed the primary placement of USD-denominated bonds of the 22nd issue on May 2 of this year. Due to the high demand for bonds, the placement was completed in only 8 working days instead of the envisaged 3-month period. 

The volume of the issued bonds is USD 5 million with an annual yield of 4.75% and a maturity of 27 months. The bonds were acquired by 70 individuals and 2 legal entities. In terms of volume, the share of individual investors was 82% and that of legal entities was 18%.

ARARATBANK will list its 22nd issue bonds on the Armenia Securities Exchange within 14 working days, ensuring their free circulation. IDBank CJSC was selected by ARARATBANK as a quoting company.

It should be added that three dollar bonds previously issued by ARARATBANK OJSC are currently in circulation, quoted on the Armenia Securities Exchange.