A demand of corporate buyers for dram bonds is clear: it is a means to manage the balance in the national currency, said Nasdaq OMX Armenia Stock Exchange director Konstantin Saroyan to the Armenian News - NEWS.am, commenting on the conclusions of a number of issuing banks that dollar bonds are mostly purchased by individuals, whereas dram bonds by the private sector.

In total, dollar issues are predominant with the help of which banks firstly diversify the outside means. And, secondly have a possibility to reduce the redundancy rate (which makes 20 % for outside currency but is reduced up to 10 % for the bonds traded within Armenia ) . And here, the foreign currency bonds become a good alternative to foreign currency deposits (since the population of Armenia is mainly aims to keep money in foreign currency) .

As for dram bonds, they can be used to conclude forward contracts (purchases and subsequent redemptions at fixed prices). This is a good way to manage cash balances (mainly in AMD), said Saroyan.

Note that according to the Central Bank, the turnover of the securities in 2015 for transactions through a central depository system increased 4.2 times, up to $ 1 trillion, 182.6 billion drams ( about $ 2.48 billion at the current rate). In this system, not only transactions on corporate bonds but also OTC transactions on sovereign Eurobonds of Armenia are registered.