YEREVAN, October 4. /ARKA/. HSBC Bank Armenia believes in optimistic prospects for development of corporate bonds in foreign currency, being introduced at the Armenian stock exchange, Deputy Chief Executive Officer, Head of Global Banking and Markets Irina Seylanyan told ARKA on Thursday.
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.
“Heeding the current situation at the global financial markets and extremely low interest rates on assets in USD and euro, we expect the roll-out of corporate bonds in foreign currency to activate the market and attract foreign investors to Armenia,” she said.
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–
