CBA PLACES MID-TERM GOVERNMENT (TREASURY) COUPON BONDS WORTH AMD 1.5BLN

ARKA News Agency, Armenia
April 19 2006

YEREVAN, April 19. /ARKA/. Central Bank of Armenia placed mid-term
government (treasury) coupon bonds worth AMD 1.5bln on Tuesday. The
CBA press service told ARKA News Agency that AMGN48184109 are
placed. According to the press release, total amount of applications
made AMD 2225550 thousand, of which AMD 128200 thousand on agents’
non-competitive applications. As many as 6 dealers and 6 agents
took part in the bids. The bonds’ average yield made 6,5267% with
maximum 6,8990%.

It should be reminded that the emission announced earlier was equal to
AMD 1.5bln. Coupon yield was initially set at 7% annual interest rate
and calculated taking into account the bonds in circulation. ($1 =
AMD 450.15).