YEREVAN, February 12. /ARKA/. The European Bank for Reconstruction and Development (EBRD) placed its third AMD denominated bonds (EBRDB3) worth a total of 2 billion drams in NASDAQ OMX Armenia stock exchange, the press office of the stock exchange reported.
Total bid volume amounted to 2.792 billion drams, and the cut-off yield rate was 14.5%.
Placement was organized by Ameriabank CJSC, with the total number of bidder market participants being 4.
The second first issue of AMD denominated bonds (EBRDB2) by EBRD is already listed at Bonds’ Main list (Abond) of NASDAQ Armenia and will be redeemed on July 30, 2015.
EBRD is an international organization formed under the Agreement Establishing the Bank dated 29th May, 1990 (the “Agreement”), signed by 40 countries, together with the European Economic Community and the European Investment Bank. The Agreement came into force on 28th March, 1991 and the Bank commenced operations on 15th April, 1991. The Bank has currently 66 members including Armenia. The Bank’s principal office is in London.
EBRD is one of the biggest investors in Armenia. It has implemented 136 programs in thecountry by the end of 2014 worth a total of about 803 million euros.
In January 2008, Nordic exchange operator OMX Group acquired 100% of the 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 became fully owned by the NASDAQ OMX Group, Inc. On January 26, 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. Starting October 1, 2014 “NASDAQ OMX Armenia” ojsc and “Central Depository of Armenia” ojsc operate under “Nasdaq Armenia” brand. -0-
