YEREVAN, July 7. /ARKA/. Floating-rate coupon bonds issued by the European Bank for Reconstruction and Development (EBRD) have been successfully placed on the corporate securities allocation platform of the Armenia Stock Exchange (AMX).
The guaranteed allocation of the bonds was executed by “Converse Bank” CJSC, a member of AMX. The total volume of the issuance amounted to AMD 5,000,000,000, of which 400 bonds with a nominal value of AMD 10,000,000 each – totaling AMD 4,000,000,000 – were placed via the AMX corporate securities allocation platform.
The bonds have a maturity period of 36 months, with a floating coupon rate linked to the yield of Armenian 6-month T-Bills and a semi-annual payment frequency.
Placement Results:
- Amounts of the total bids: AMD 3,320,000,000
- Amounts of the total accepted bids: AMD 2,320,000,000
- Weighted average price: 100.0132
- Cut-off price: 100.0000
- Cut-off yield: 6.8359
- Weighted average price yield: 6.8310
- Auction max price: 100.0960
- Auction min price: 100.0000
- Percent of accepted bids by cut-off price: 100%
The last time EBRD bonds were traded on the Armenia Stock Exchange was between 2014 and 2016. At that time, individual issuance volumes amounted to approximately AMD 2 billion (or the USD equivalent), with maturity ranging from 6 to 12 months.
About Armenia Stock Exchange
Armenia Stock Exchange (AMX) is the only securities regulated market operator in Armenia. As an integrated exchange offering, AMX provides a full suite of services including listing, trading, clearing, information services, and alternative market solutions. Investors receive a wide range of investment products and maximum transparency, together with the smooth and efficient execution and clearing of trade transactions. Being a 100% shareholder of the Central Depository of Armenia, AMX also provides integrated settlement solutions for both resident and non-resident clients by utilizing the central depository’s international settlement network and relationships with global depositories.
The mission of AMX is to enhance and develop the infrastructure of the Armenian capital market and create an attractive business environment.
For additional information please contact AMX Marketing and Communication Department at +374 60 69 55 55 ext. 142, [email protected].
