YEREVAN, June 28, /ARKA/. Armenian Araratbank said it made a regular coupon payment for its bonds. The bank’s press office reported that a total of 6.25 million Drams had been earmarked for payment. The bank said the profit amount was transferred to the central depository of the Central Bank of Armenia based on the list of registered shareholders to be placed on their accounts.

This tranche included 25,000 bonds with a face value of 10,000 Drams each and a coupon yield of 10%. Payments are made every three months.

Araratbank, previously called Haykap Bank, was founded in 1991 and provides a full range of banking services to corporate, MSME and retail customers. The bank has established a reputation as a small but reliable and dynamically growing financial institution.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Araratbank makes coupon payments

Tags: Araratbank, Armenia, COUPON PAYMENTS

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