YEREVAN, November 18, /ARKA/. On November 17, 2015 placement of the bonds issued by “GLOBAL CREDIT” UCO CJSC took place at NASDAQ OMX Armenia.
The Company submitted for placement two tranches of coupon bonds with the total nominal value of USD 1,000,000 (1st tranche, GLBLB1) and AMD 100,000,000 (2nd tranche, GLBLB2). The first tranche of bonds includes 10,000 coupon bonds (GLBLB1) with nominal value of USD 100, coupon rate of 9.5% and maturity period of 2 years. The second tranche of bonds includes 10,000 coupon bonds (GLBLB2) with nominal value of AMD 10,000, coupon rate of 15.0% and maturity period of 1 year.
Purchase orders with a total value of USD 1,218,089 were placed for the Company’s GLBLB1 bonds. The Issuer has attracted USD 1,000,089.25 from placement. Cut-off price of the bonds was USD 100, weighted average yield amounted to 9.495% and the cut-off yield stood at 9.5%.
Purchase orders with a total value of AMD 161,009,000 were placed for the Company’s GLBLB2 bonds. The Issuer has attracted AMD 100,009,000 from placement. Cut-off price of the bonds was AMD 10,000, weighted average yield amounted to 14.9901% and the cut-off yield stood at 15%.
Please be informed, that “GLOBAL CREDIT” UCO CJSC issues bonds for the first time. Placement of the bonds was carried out by “RENESA” CJSC, which will act as a market-maker of bonds as well.
GLOBAL CREDIT UCO CJSC is a universal credit organization registered according to Resolution No. 267A as of 26.10.2010 of the Central Bank of Armenia, established in consequence of amalgamation of WASHINGTON CAPITAL universal credit organization CJSC and CREDIT UNION universal credit organization CJSC, which also was enlarged as a result of “GLOBAL CREDIT” UCO CJSC and “GFC GENERAL FINANCIAL and CREDIT COMPANY UCO LLC union.
Now the company is the legal consequent of “Credit Union”, “Washington Capital” UCO CJSC and “GFC General Financial and Credit Company” UCO LLC. -0-
