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-
