AraratBank acts as an underwriter of National Mortgage Company RCO bonds

Banks
Араратбанк
Араратбанк

YEREVAN, April 12, /ARKA/. National Mortgage Company RCO CJSC is planning to issue and underwrite AMD-denominated coupon bonds on April 15, 2022. ARARATBANK OJSC will act as an underwriter of bonds.

The placement of bonds will take place on Armenia Securities Exchange through an auction, scheduled for April 15, 2022, at 11:00-13:30. As a reminder, the nominal value of AMD-denominated bonds is AMD 10,000 with 36-month maturity period and 10% annual yield. The company will underwrite 500,000 AMD-denominated bonds for a total volume of AMD 5,000,000,000. 

“Investors willing to join the auction may apply to any branch of AraratBank. At that, once placed, the bonds will be listed on the Armenia Securities Exchange and will be circulated in the secondary market,” the statement reads. -0-

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