VALLETTA OF ARMENIAN COMPANY EFFECTS 2ND COUPON PAYMENTS ON BONDS ON DEC 27
ARKA
Dec 29, 2008
YEREVAN, December 29. /ARKA/. Armenian Valletta company effected the
second coupon payments on bonds on December 27.
The Press Service of Armenian Armswissbank reported that payments
were made on bonds of AMVALTB02ER9 series. Armswissbank closed joint
stock company was the underwriter.
According to the report, the next coupon payments are to be effected
on June 26 and during three days after December 28 2009 with redemption
scheduled for December 28 2009.
The decision on issue of registered coupon bonds was adopted on
November 12 2007, says the report. The tranche included 10,000 bonds
of Valletta with 50,000 Drams’ value each, a redemption period of 24
months and a coupon yield of 10.5% p.a. (5.25$ per half a year)
Valletta LLC has been operating in Armenia since 1990. Its main fields
of activities are trade (export-import, wholesale-retail sale), fast
food (SFC), tea and coffee production and promotion of enterprises
to an independent status. The company has processing enterprises,
restaurants, shop networks, house appliance importing firms.
Armswissbank closed joint stock company was registered on November 22
2004 and has 100% Swiss capital. On February 25 2005 the bank received
a license for banking activities. On October 6 2008 Armswissbank
became the official market-maker of the third tranche of Valletta’s
bonds. ($1=308.44D rams).