OREANDA-NEWS. On July 04, 2008 “ARMSWISSBANK” CJSC submitted the prospectus on the issuance of bonds of “Express Credit universal credit organization” CJSC to the Central Bank of RA for registration, reported the press-centre of ARMSWISSBANK.

Prior to May 16th of 2008 “ARMSWISSBANK” CJSC and “Express Credit UCO” CJSC concluded a contract on provision of securities issuance and allocation services, according to which bonds in the total amount of AMD 150 mln (6000 bonds with a face value of AMD 25,000) with maturity of 36 months will be allocated.

Allocation of the bonds will be carried out through public offering.

Additional information about the public offering and allocation will be published by the Bank and the Company after the registration of the prospectus.