‘ARMROSGAZPROM’ CJSC ANNOUNCES PUBLIC PLACEMENT OF REGISTERED COUPON NON- DOCUMENTARY BONDS TO $327,000
ArmInfo
2008-07-02 11:09:00
"ArmRosgazprom" CJSC announced public placement of registered coupon
non-documentary bonds to the sum of 1 bln drams ($327,000) from July
7 to 18, 2008, inclusively, the Company’s message says.
According to the Company’s data, 20000 bonds at par value of
50000 drams each are subject to placement. Coupon yield is 9,5%
and the circulation period makes up 36 months. Coupon repayment
will be carried out once per half year. 6 coupons are attached to
the bond. It is scheduled to place 10 000 bonds to the sum of 500
mln drams via public offering, and the rest 10 000 bonds will be
placed among "Armswissbank" CJSC, "Artsakhbank" CJSC and "Armenbrok"
Ltd. The prospectus of emission of the bonds of "ArmRosgazprom"
CJSC has been registered by RA Central Bank on June 29, 2008. The
investors may acquire the bonds with discount per 10% of annual yield.
The bonded loans issue programme has been developed by the Company
for gasification of potential subscribers. The funds attracted from
the market will be aimed for connection of about 40,000 subscribers,
mainly from among the socially unprotected population strata. The
Company’s policy not only enables to attract additional financial
assets for implementation of different investment projects but also
contributes to formation and development of Armenia’s securities
market, that is not insignificant, the Company’s specialists think.
To recall, the first issue of coupon bonds of "ArmRosgazprom" CJSC was
placed on July 4, 2007, with emission volume of 1 bln drams consisted
of 100,000 bonds at par value of 10,000 drams each. The circulation
period of the first issue of bonds made up 18 months, the annual
yield – 9%. In September, 2007, the bonds underwent listing at the
Armenian Stock Exchange (ArmEx) in the upper level category (Abond).