19.06.2010 12:17
YEREVAN, June 19, /ARKA/. Armenian Conversebank said it began June 16 a regular redemption of nominal mid-term coupon bonds. According to a press release by the bank, the amount of payment for each coupon bond is 804.6 Drams, while the total amount set for payment was 8.04 billion Drams.
The bank said it paid the entire amount by June 16 to one legal entity and 25 individuals. The first placement of coupon bonds was implemented in 2008 December.
The nominal amount of placed bonds was 300 million Drams with a 3 year maturity period and annual yield of 10.6%. The coupon income is paid monthly, it said. The total amount of bonds issued by the bank is 1.5 billion Drams. Overall 50,000 bonds were issued with a nominal value 30,000 Drams each. Placement of the bonds will be implemented in several phases.
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