ARSWISSBANK BECOMES MARKET-MAKER OF 3rd TRANCHE OF VALLETTA<br /> COMPANY'S BONDS<br />


ARSWISSBANK BECOMES MARKET-MAKER OF 3rd TRANCHE OF VALLETTA
COMPANY'S BONDS

  • 07-10-2008 23:00:00   | Armenia  |  Economy
YEREVAN, OCTOBER 7, NOYAN TAPAN. Starting from October 7, ArmSwissBank CJSC will officially announce the sale and purchase prices of registered coupon bonds of the third tranche of Valletta OJSC (Armex: VALTB3) on the Armenian Stock Exchange (ASE). According to the ASE Marketing and Communication Department, the third tranche includes 10 thousand bonds of the nominal value of 50 thousand drams (about 166.7 dollars) each, with 36 months' redemption period and a 11% annual coupon yield. The indicated bonds of Valletta OJSC have been on Bbond list of ASE since September 25, 2008. In its status of market-maker, ArmSwissBank will ensure the liquidity of bonds on the secondary market, providing investors with a constant opportunity to sell and purchase bonds on ASE. ArmSwissBank became a member of ASE on September 2007. At present it is the market-maker of Valletta's bonds of the first two tranches (VALTB1 and VALTB2), as well as the bonds of ArmRusgazprom CJSC (HRGAB2), Armenian Copper Program CJSC (ARCPB1) and Express Credit Universal Credit Organization (XPKUB1). All the indicated securities are listed on ASE.
  -   Economy