YEREVAN, October 4. /ARKA/. HSBC Bank Armenia may float its bonds in the near future, Deputy Chief Executive Officer, Head of Global Banking and Markets Irina Seylanyan told ARKA Thursday.
“Bearing in mind the recent changes in legislature, which make an issue of currency bonds possible, HSBC Bank Armenia may float the bonds in the near future if there is a demand for that,” she said.
In late September, NASDAQ OMX Armenia stock exchange announced on introducing currency bonds, which can be circulated at the stock market after the stock exchange issues the trade permit, or after passing the listing.
Seylanyan said that HSBC Bank Armenia is permanently monitoring the market development tendency and demand of its clients and potential investors for investment products.
She also clarified that bonds placement by any of HSBC Group’s structures will be prompted by the Group’s strategy, situation at the local market and interest shown by investors.
HSBC Bank Armenia first issued 10,000 bonds valued at 1 billion drams in 2009, which were completely floated, and on 13 January 2010 -were completely redeemed.
HSBC Bank Armenia cjsc, a member of HSBC Bank plc, was established on 25 September 1995. HSBC Europe BV holding company holds 70% stock of HSBC Bank Armenia, Wings Establishment owns 30% of shares.
HSBC Bank Armenia cjsc has been a member of NASDAQ OMX Armenia since late 2009. ($1-407.98 drams). —0–
