OREANDA-NEWS. On February 06, 2009 press conference was held with Financial Director of Valletta LLC, Armen Berberyan and Director of Investment Department of ARMSWISSBANK CJSC, Karern Turyan on repayment of Valletta LLC’s registered coupon bonds of the first issue, reported the press-centre of ARMSWISSBANK.

The decision to issue corporate bonds in the total amount of 350 mln AMD (with face value of 50,000 AMD, maturity of 18 months and annual coupon rate of 10.5%) was made on June 19, 2007, the chief underwriter of which was ARMSWISSBANK CJSC.

After the bonds were listed in Armenian Stock Exchange, the Banks provided double-sided quotations acting as a market-maker. According to Director of Investment Department of ARMSWISSBANK CJSC Karen Turyan transactions to the amount of 770 mln AMD were concluded over the period of turnover of the bonds, which accounted for more than 200% of the total volume of the issue.

Repo transactions to the amount of 282.6 mln AMD were concluded with the given bonds, which accounted for more than 80% of the total volume of the issue. To this day ARMSWISSBANK organized 6 bond issues to the amount of 3 bln AMD, three of which are of Valletta LLC totalling to 1.35 bln AMD or 45% of the total volume of issued bonds.