Trade In Armrusgazprom’s Bonds On Armenian Stock Exchange Makes 221

TRADE IN ARMRUSGAZPROM’S BONDS ON ARMENIAN STOCK EXCHANGE MAKES 221 MILLION DRAMS

Noyan Tapan
Jan 24, 2008

YEREVAN, JANUARY 24, NOYAN TAPAN. Since the time of ArmRusgazprom’s
bonds being listed on the Armenian Stock Exchange in September 2007,
trade in these bonds has made over 221 mln drams (about 724 thousand
USD). NT correspondent was informed by spokeswoman for ArmRusgazprom
Shushan Sardarian that no other Armenian company has registered
such a large circulation of bonds in the past 4 months. Last year
ArmRusgazprom entered the securities market. In June and July it
issued and placed nominal coupon bonds of the total amount of 1
billion drams, which were acquired by commercial banks, organizations
and natural persons.

ArmRusgazprom plans new issues of bonds not only in Armenia but also
in Russia this year.