THE BONDS ISSUED BY "VALLETTA" LTD WERE REPAID

PanARMENIAN.Net
13.01.2010 14:48 GMT+04:00

/PanARMENIAN.Net/ On December 26, 2009 the bonds issued by "VALLETTA"
Ltd (AMVALTB02ER9) in the total amount of AMD 500 million (with nominal
value of AMD 50,000, maturity of 24 months and annual coupon rate of
10.5%) were repaid. The company paid the amount as of 30.12.2009. The
allocation of bonds started since December 26, 2007.

"ArmSwissBank" CJSC acted as the lead manager of the issue. On February
20, 2008 the bonds were listed in the Armenian Stock Exchange Bbond
level (currently "NASDAQ OMX ARMENIA" OJSC), since August 6, 2009
the bonds were traded on Cbond free market.

During the whole period of turnover of bonds "ArmSwissBank" CJSC
provided double-sided quotations. Over the period of turnover of
bonds transactions in amount of AMD 420.4 million were concluded
(except for Repo transactions) that is 84.08% of the issue. From this
amount about AMD 350 million, which is about 70% of the issue, were the
transactions in the Stock Exchange with average price of 13.56%. Repo
transactions in amount of AMD 2,963.25 million were concluded with
the bonds, which accounts for more than 590% of the overall issue.

ARMSWISSBANK CJSC was founded on October 7, 2004 (Banking license
N84, given by the Central Bank of RA on 25.02.2005): The founder
and sole shareholder of the bank is the founder, shareholder and CEO
of the world-famous watch-making company "Franck Muller Watchland",
Vartan Sirmakes.

In 2007 ARMSWISSBANK was given licenses by the Central Bank for
brokerage (License N BG0064) and custody (License N PG0065) services.

The Bank operates in three main directions, specializing in the
provision of internationally accepted services of corporate, investment
and private banking.

Corporate banking includes not only provision of traditional services
(payment services, lending, deposit schemes and trade finance),
but also provision of non-traditional services, such as alternative
financing, derivative instruments (forward, swap), factoring, financial
consulting and other services.

"VALLETTA" is one of the leading companies in Armenia, which is
in its prospering stage of rapid development. Different spheres of
business are included in its activities, such as manufacture, retail
and wholesale trade, catering and leisure centers.

From: Emil Lazarian | Ararat NewsPress