Armenia's Ararat Bank lists for trading AMD 400 million 13% bonds

By Susanna Moon

Chicago, Aug. 8 - Ararat Bank said its AMD 400 million of 13% three-year bonds were set to begin trading on Thursday under the ticker "ARBKB7."

The notes will be listed and included in Bbond list of Nasdaq OMX Armenia, according to a company press release by the Yerevan, Armenia-based bank.

The bank said on July 1 that it planned to price the bonds at par of AMD 10,000 in the seventh issue of corporate bonds.

The issue included 40,000 coupon bonds, placed through subscription from July 1 until July 19, as previously announced.

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