‘SHEN-CONCERN’ CARRIES OUT FIRST COUPON PAYMENTS OF ITS BONDS

ArmInfo
2009-06-03 13:40:00

ArmInfo. On June 2, ‘Shen Concern’ CJSC carried out the first coupon
payments of its bonds in a volume of 32.9 mln drams of the fourth-issue
corporate bonds, Director General of ‘Capital Assets Management’
Investment Company Tigran Karapetyan told ArmInfo. Along with it,
Financial Director of ‘Shen Concern’ CJSC Armen Balasanyan said the
coupon payments were received by 4 legal entities, in particular,
‘Converse Bank’, ‘INECOBANK’, Armenian PostBank and ‘Capital Assets
Management’.

To note, the coupon payments of ‘Shen Concern’ are carried out once per
half year, and the next payment has been envisaged on December 2, 2009.

To recall, the fourth issue of bonds of ‘Shen Concern’ CJSC in a volume
of 600 mln drams (at par value), with 1095-day repayment period and 11%
coupon yield per year has been itemized in the in the Exchange list
â~@~Zbond since January 19, 2009. According to the data of NASDAQ
OMX Armenia, transactions at the Exchange over the whole period of
circulation of the fourth-issue debt securities of "Shen Concern"
CJSC made up 1.1 bln drams. Total of 35 transactions with the Company
binds have been carried out since January 19, 2009 to June 2 inclusive,
at the average weighted profitability of 10,996% per annum.

To note, ‘Shen Concern’ CJSC has been founded in 1995 and it is an
assignee of the state enterprise ArmResourceImpex. At present, the
company is mainly engaged in production and realization of building
materials.