Renesa CJSC Becomes Market Maker For Araratbank Bonds

RENESA CJSC BECOMES MARKET MAKER FOR ARARATBANK BONDS

ArmInfo
2009-01-26 22:42:00

ArmInfo. Starting January 27, 2009, Renesa closed joint stock company,
a member of the Armenian Stock Exchange (Armex) since January 24,
2002, will provide buy and sell prices for the second issue of nominal
coupon bonds of Araratbank open joint stock company, which was listed
on Armex on July 23, 2008 under ticker symbol ARBKB2. As Marketing
and Communications Division of NASDAQ OMX Armenia told ArmInfo, this
issue of Araratbank bonds consists of 40,000 bonds with nominal value
of AMD 10,000 and coupon yield of 9%p.a., and is due for redemption
on December 24, 2009. The issue is included in Armex’ Bbond list.

As the market maker of Araratbank bonds, Renesa cjsc will enhance
their liquidity ensuring that investors are always able to buy and
sell the bonds in the secondary market.

To note, the NASDAQ OMX Group, Inc. is the world’s largest exchange
company.

It delivers trading, exchange technology and public company services
across six continents, and with over 3,900 companies, it is number
one in worldwide listings among major markets. NASDAQ OMX technology
supports the operations of over 60 exchanges, clearing organizations
and central securities depositories in more than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in March 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc.