NMC RCO 3rd issue bonds placed at NASDAQ OMX Armenia

PanARMENIAN.Net - The placement of the 3rd issue of corporate bonds by “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) took place Monday, Sept 24, at NASDAQ OMX Armenia.

A total value of AMD 477,084,616.89 was placed through stock exchange mechanism. All the value issued was placed, while bonds demand was even higher, amounting to AMD 755,217,511.45. Weighted average price was 9.5533% and the cut price stood at 9.755%.

This is the 3rd subsequent issue of corporate bonds by NMC RCO. To recall, the 1 st issue (NMCCB1) was placed via stock exchange mechanism and later admitted to trading at NASDAQ OMX Armenia free Cbonds market in late 2011. On May 24, 2012 the 1st issue of corporate bonds by NMC RCO was redeemed and its trading at NASDAQ OMX Armenia was terminated. The 2nd issue was placed on June 18, 2012 and will circulate until its redemption date on December 6, 2012.