CENTRAL BANK OF ARMENIA PLACES BENCHMARKING GOVERNMENT BONDS FOR 2 BN DRAMS

ARKA
Sep 3, 2009

YEREVAN, September 3. /ARKA/. The Central Bank of Armenia (CBA) placed
mid-term benchmarking government treasury coupon bonds for a total
of 2 billion drams Thursday. The bonds placed were of AMGN60147141
series with a five-year-maturity period.

According to the press release, total volume of the bids submitted was
4,765 million drams, including 300 million drams in non-competitive
bids.

Five dealers participated in the auction. Weighted average yield
of bonds was 10.1957% p.a. with yield of highest accepted bids at
10.36%. Earlier, the issue was announced to total 2 billion Drams.

Coupon yield is set at 12.5% p.a. and is calculated in relation to
bonds in circulation. Coupon payments are made once every half a year.

Retirement of the bonds is scheduled for July 14, 2014.

Minimal demand per bond is 10,000 Drams with the increment at 1,000
Drams.

Total volume of the planned placement of the series is 40 billion
drams.

($1=376.06drams).