Ardshininvestbank Bonds Admitted To Sale On Armenian Stock Exchange


Dec 22, 2008

The nominal coupon bonds of Ardshininvestbank (Armenia) have been
admitted to the sale on the free platform Cbond on the Armenian Stock
Exchange (ARMEX).

The Marketing and Communications Department, NASDAQ OMX Armenia,
reported that 150,000 bonds have been admitted to sale, the nominal
value of one bond being 10,000 AMD and the annual coupon yield 10%. The
bond maturity date is December 5, 2009. The bonds are listed under
the abbreviation of ASBKB1.

As of December 22, 13 bond issues are in circulation on ARMEX. Two bond
issues are listed as Abond, ten issues as Bond and one issue as Cbond.

The Central Bank of Armenia (CBA) issued Banking License #83 to the
Ardshininvestbank CJSC on February 27, 2003. The Ardshininvestbank
principal stockholders are the Region investment corporation (86.82%)
and the International Finance Corporation (IFC), which purchased 10%
late last year.

The bank is an affiliate member of the MasterCard/Euriopay system
and a share holder of the Armenian Card CJSC.

This January the OMX Group (Sweden) purchased the Armenian Stock
Exchange and the RA Central Depository. This March, NASDAQ OMX Group,
Inc. became sole owner of ARMEX and RA Central Depository.

Over 3,900 issuers are listed on NASDAQ OMX. NASDAQ OMX technologies
facilitate the management of over 60 exchanges, clearing agencies
and central20depositories in over 50 countries.

You may also like