YEREVAN, February 5. /ARKA/. Armeconombank has successfully completed the placement of its USD-denominated coupon bonds ahead of time, the bank reports on its website.

The bonds total $2.1 million. Their yield is 5.25% and maturity term is 36 months. Coupon payments will be made once a quarter.

The bonds are planned to be listed at Armenia’s stock exchange and will have a market maker.

Armeconombank was registered on August 26, 1991. It was the first bank in Armenia to be reorganized into a joint stock company.

The bank is a member of NASDAQ OMX Armenia Stock Exchange from February 2009.
Its shareholders are Saribek Sukiasyan, with 31.32%, Khachatur Sukiasyan, with 13.77%, Rober Sukiasyan, with 14.21%, Eduard Sykiasyan, with 10.66%, and the European Bank for Reconstruction and Development, with 5.04%. --0---