HSBC bank Armenia’s nominal bonds redeemed

19.01.2010 15:43
HSBC bank Armenia’s nominal bonds redeemed

YEREVAN, January 19, /ARKA/. HSBC Bank Armenia said in a press release its nominal bonds were redeemed January 13. The nominal price of a bond was 100,000 Drams, maturity period was 365 days and annual interest rate-9%. The bonds were placed under coupon code AMHSBCB11ER8 and ticker symbol HSBCB1. The nominal cost and accumulated interests (1.090 billion Drams) were transferred on depositors’ accounts on January 14.

HSBC Bank Armenia is a subsidiary HSBC Bank plc, which owns 70% in it: 30 % are owned by Armenian Diaspora investors. HSBC bank Armenia joined NASDAQ OMX Armenia in 2009 January.

The bank has 7 branches in Yerevan. ($1- 377.27 Drams). -0-

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