Shen-Concern to be listed on Bbond market

Shen-Concern to be listed on Bbond market
December 4, 2010 - 11:52 AMT

PanARMENIAN.Net - Starting December 6, 2010, nominal coupon bonds issued by Shen-Concern closed joint stock company will be listed on Bbond market of NASDAQ OMX Armenia. A total of 50,000 bonds of the company with nominal value of AMD 10,000 and coupon yield of 12.5% p.a. were listed under ticker symbol SHNCB5.

The bonds are due for redemption on October 15, 2012. This is the fifth issue of Shen-Concern bonds that will be traded at NASDAQ OMX Armenia – the previous three issues (SHNCB1, SHNCB2 and SHNCB3) were redeemed in 2007 and 2008, while the fourth issue (SHNCB4) will be redeemed on February 12, 2011, reported the press office of NASDAQ OMX Armenia.

Shen-Concern cjsc was established in 1995, as the legal successor of ArmResourceImpex state-owned enterprise. The company is now primarily involved in the production and sales of construction materials, and starting from 2009 also in textile production.

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