Third issue of corporate bonds by National Mortgage Company admitted to trading at NASDAQ OMX ARMENIA

YEREVAN, October 3. / ARKA /. Starting from October 4, 2012, the 3rd issue of corporate bonds by “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) will be admitted to trading at Free Cbond market of NASDAQ OMX Armenia, the latter said in a press release. This issue of the company’s bonds comprises 5,000 bonds with nominal value AMD 100,000, maturity 6 months and annual yield of 9.5533%. The issue will be traded under NMCCB3 ticker symbol.  To recall, on September 25, 2012 corporate bonds by NMC RCO for a total value of AMD 477,084,616.89 was placed through stock exchange mechanism. All the value issued was placed, while bonds demand was even higher. Weighted average price was 9.5533% and the cut price stood at 9.755%.

NMC RCO’s previous issues of corporate bonds (NMCCB1 and NMCCB2) were also placed via stock exchange mechanism and later admitted to trading at NASDAQ OMX Armenia free Cbonds market. On May 24, 2012 the 1st issue of corporate bonds by NMC RCO was redeemed and its trading at NASDAQ OMX Armenia was terminated, while the 2nd issue will circulate until its maturity date on December 7, 2012.

The National Mortgage Company RCO CJSC was registered in the Central Bank of Armenia by the decision N 1/1167A of the board of the Central Bank of Armenia dated October 19, 2011 Registration certificate N 26, Activity License N 26). The only shareholder is the Central Bank of Armenia.

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.  In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.  On January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc. -0-

spot_img

POPULAR

Business registration is now available at Unibank

Business registration is the first step toward starting your own venture.

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 22-28)

The week in Armenia's financial market was dominated by the debt agenda, Central Bank statements, currency dynamics, and decisions regarding non-cash payments.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

LATEST NEWS

spot_imgspot_imgspot_img