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Ameriabank: trading of corporate bonds in foreign currencies to attract foreign investors to Armenia

30.11.2012, 18:29
The trading of corporate bonds in foreign currencies, which has already begun at the Armenian stock exchange, will attract foreign investors to Armenia, Arno Mosikyan, Ameriabank director in charge of investment banking transactions, said Friday at a news conference called to present the issue by SAS-Group of foreign currency bonds worth $7 million.
Ameriabank: trading of corporate bonds in foreign currencies to attract foreign investors to Armenia
YEREVAN, November 30. /ARKA/. The trading of corporate bonds in foreign currencies, which has already begun at the Armenian stock exchange, will attract foreign investors to Armenia, Arno Mosikyan, Ameriabank director in charge of investment banking transactions, said Friday at a news conference called to present the issue by SAS-Group of foreign currency bonds worth $7 million.

Ameriabank is underwriter of this issue. 

NASDAQ OMX Armenia opened a market for bonds in foreign currencies, which can be traded here after the stock exchange gives its permission and list them. 

“This is a landmark initiative for the Armenia’s corporate bond market, since it gives us a chance to attract foreign capital to the country,” Mosikyan said. 

In his words, many foreigners are already interested in investing money in foreign currency bonds, and their number is growing – there are Russian and Swiss investors among them as well as Armenian communities in the United States and other countries. 

Ameriabank CJSC is a universal bank providing investment, corporate and retail banking services. 

Ruben Vardanyan is the chairman of the bank’s directorial board, and Artak Hanesyan is director general.  -0-