National Mortgage Company bonds placed at NASDAQ OMX Armenia

PanARMENIAN.Net - The 2nd placement of corporate bonds by “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) took place at NASDAQ OMX Armenia on June 7. A total value of AMD 956,991,953.53 was placed through stock exchange mechanism. All the value issued was placed, while bonds demand was even higher, amounting to AMD1,353,011,951.21. Weighted average price was 8.8408% and the cut price stood at 9.3%.

To recall the 1st issue of corporate bonds by NMC RCO (NMCCB1) was the first to be placed via stock exchange mechanism and later admitted to trading at NASDAQ OMX Armenia free Cbonds market. On May 24, 2012 the 1st issue of corporate bonds by NMC RCO was redeemed and its trading at NASDAQ OMX Armenia was terminated, according to a press release.