RENESA CJSC as market maker for third issue of Araratbank bonds

14.01.2010 21:16
RENESA CJSC as market maker for third issue of Araratbank bonds

YEREVAN, January 14. /ARKA/. Starting on January 15, 2010, RENESA closed joint stock company will provide buy and sell prices for the third issue of nominal coupon bonds of ARARATBANK OJSC.

As the market maker of ARARATBANK bonds, RENESA will enhance their liquidity ensuring that investors are always able to buy and sell the bonds in the secondary market on NASDAQ QMX Armenia.

This issue of ARARATBANK bonds, which is listed on NASDAQ OMX Armenia under ticker symbol ARBKB3 and consists of 25,000 bonds with nominal value of AMD 10,000 and coupon yield of 10%p.a. is due for redemption on June 27, 2011.

The issue has been included in NASDAQ OMX Armenia Bbond list on January 12, 2010.
As the market maker of ARARATBANK bonds, RENESA will enhance their liquidity ensuring that investors are always able to buy and sell the bonds in the secondary market on NASDAQ QMX Armenia.

It should be noted that RENESA was also the market maker of the second issue of the bank’s bonds, which was redeemed in December 2009.

The NASDAQ OMX Group, Inc. is the world's largest exchange company.

It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA).
After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.

On January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. ($1-377.61 AMD).  –0-


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