OREANDA-NEWS. ARARATBANK will implement the 3-rd issue of uncertificated coupon bonds for an allocation period starting December 14 and ending December 25, 2009, reported the press-centre of ARARATBANK.

The issue price will be AMD250.

25,000 uncertificated coupon bonds will be issued with a nominal value of AMD 10,000 each, at an interest rate of 10% per annum and a maturity of 18 months.

Allocation of bonds will be realized through the head office of ARARATBANK ojsc, 19 Pushkin St., Yerevan, phone 54-73-35, 54-73-36, as well as all branches.

The bonds will be redeemed by the Issuer, ARARATBANK ojsc (19 Pushkin St., Yerevan) 18 months after the allocation end date. Funds equaling the nominal value of the bonds shall be entered on their settlement accounts with ARARATBANK or other banks.

Bonds may be obtained during the first allocation of the bonds (December 14 through 25, 2009), as well as after the allocation ending date, during the whole period of their circulation.

The register of bondholders will be maintained by the "Central Depository of Armenia" ojsc, located at 5b M. Mkrtchyan St., Yerevan, phone 54-33-21.

Title to bonds shall be granted to the bondholders upon the bonds being duly registered at the "Central Depository of Armenia".

The first issue of bonds by ARARATBANK was in 2007 for AMD250 million again.

The second issue of bonds was in June 2008, with an unprecedented volume of AMD400 million.

Interest for ARARATBANK bonds on the market is conditioned by their stability and the trust that ARARATBANK has obtained during the past two years.

The bonds of first and second issue have already had a turnover of AMD700 million at the Armenian stock exchange.

Demand for ARARATBANK bonds has always exceeded their supply. ARARATBANK bonds are a source of guaranteed income. If there are any free disposable funds available, there is no better way of using them than investing in bonds.