Tue, 10 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenia’s national mortgage company planning second public offering for 2012

YEREVAN, November 24. /ARKA/. Armenia’s National Mortgage Company is planning the second public offering for 2012, Mher Yedigaryan, director general of the company, said on Thursday.

The company intends to offer bonds worth AMD 2.5 to 3 billion.

Armenia’s National Mortgage Company conducted its first initial public offering (IPO) today at NASDAQ OMX Armenia stock exchange.

Today the National Mortgage Company placed nominal discount bonds worth AMD 1 billion.

The issue amounted to AMD 954,723,223.82. Bids at the auction totaled AMD 1,442,956,491.95.

Yield of highest accepted bids was 9.63%, and W.A. yield of successful bids was 9.38%. Maturity term was six months.

“Capital market instruments will become key financing sources to us,” Yedigaryan said. “It means that public offerings will be periodical.”
Interest rates on loans are expected to go down in Armenia along with development of the national economy, he said.

The government plans to narrow budget deficit in 2012, he said, and this will impact the yield of government bonds.

National Mortgage Company is a universal credit organization established in 2009.

According to ARKA News Agency’s data, the organization’s assets totaled AMD 14.7 billion and liabilities AMD 6.1 billion in late September 2011.
Its total capital amounted to AMD 8.5 billion and the net profit gained for nine months of this year AMD 251.5 million. ($1 – AMD 383.36). -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

Average settlement exchange rate of dram to dollar in May was 0.3% lower than a year ago

In May 2025, the average settlement exchange rate of the Armenian dram to the US dollar was 386.6 drams, which is 0.3% lower than the same indicator in May 2024 (387.8 drams).

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img