First mortgage company makes another issue of coupon bonds

YEREVAN, April 24. /ARKA/. The Armenian universal credit organization First Mortgage Company said it has made another issue of AMD and USD-denominated coupon bonds secured by mortgage loans.

According to the company’s prospectus, published on the Central bank’s website, 1000 bonds with a face value of 100 thousand drams and 10.5% coupon yield were issued worth a total of 100 million drams. The company has issued also 8, 0000 USD-denominated bonds with a face value of $100 and coupon yield of 6.4% worth $800,000. The maturity of the issued is 36 months. The issue underwriter is Ameriabank.

The company first placed its mortgage loan-secured bonds back in December 2017. Two issues of registered bonds were made with a total volume of 100 million drams and $500 thousand at NASDAQ OMX Armenia stock exchange.

The First Mortgage Company has been operating in Armenia since May 2004. It is engaged in providing loans for the purchase and repair of housing. -0-

spot_img

POPULAR

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 1.03 points on August 4, 2026, compared to August 3, to 367.01 drams.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Armenian bank assets grew by 8.1% in the first half of the year, reaching 13.8 trillion drams — Union of Banks of Armenia

The total assets of Armenian banks as of June 30, 2026, amounted to 13.8 trillion drams, an increase of 8.1% since the beginning of the year, announced Daniel Azatyan, Chairman of the Union of Banks of Armenia.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

LATEST NEWS

spot_imgspot_imgspot_img