NASDAQ OMX Armenia introduces new instrument

NASDAQ OMX Armenia introduces new instrument
September 24, 2012 - 16:52 AMT

PanARMENIAN.Net - NASDAQ OMX Armenia introduces a new instrument, foreign currency bonds (FX bonds).

FX bonds are corporate bonds, issued by companies, but nominated and traded in foreign currency. FX bonds can circulate in exchange market after being admitted to trading or listed by NASDAQ OMX Armenia.

NASDAQ OMX Armenia will not only create opportunity for issuers and market participants to place securities and trade in foreign currency, but also to conclude repurchase agreements (REPO) with new instrument.

Introduction of new instrument is aimed at increasing investment and capital raising alternatives for public and Armenian companies, respectively, as well as to stimulate foreign investments to Armenian securities market.

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