PLACEMENT OF VALETTA’S BONDS TO START ON JULY 31
Noyan Tapan
Jul 30, 2007
YEREVAN, JULY 30, NOYAN TAPAN. The placemnent of Valetta LLC’s 7,000
nominal coupon bonds of the total value of 350 mln drams (about 1.04
mln USD) will start on July 31.
The yield of these bonds of the nominal value of 50 thousand drams was
set at 10.5%, their redemption period makes 18 months. In accordance
with the agreement reached, ArmSwissBank will place bonds of the
total value of 175 mln drams, Converse Bank – those of the total value
of 75 mln drams, while the Armenian Development Bank and the Future
Capital Market – bonds of 50 mln drams (each). It is envisaged that
ArmSwissbank will resell bonds of the total value of 50 mln drams
during the placement.
To recap, Valetta LLC was assigned "B" rating by the Central Bank of
Armenia (CBA), which allows investors to carry out repo operations
with the company’s bonds. The company produces meat products,
provides public catering services. It is also engaged in wholesale
and retail trade of food and household appliances and in packaging
of tea and coffee.
From: Emil Lazarian | Ararat NewsPress
