MNC corporate bonds 3rd issue admitted at NASDAQ OMX Armenia

MNC corporate bonds 3rd issue admitted at NASDAQ OMX Armenia
October 3, 2012 - 12:16 AMT

PanARMENIAN.Net - Starting from October 4, 2012, the 3rd issue of corporate bonds by “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) will be admitted to trading at Free Cbond market of NASDAQ OMX Armenia.

This issue of the company’s bonds comprises 5,000 bonds with nominal value AMD 100,000, maturity 6 months and annual yield of 9.5533%. The issue will be traded under NMCCB3 ticker symbol.

On September 25, 2012 corporate bonds by NMC RCO for 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. Weighted average price was 9.5533% and the cut price stood at 9.755%.

NMC RCO’s previous issues of corporate bonds (NMCCB1 and NMCCB2) were also 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, while the 2nd issue will circulate until its maturity date on December 7, 2012.

Partner news
 Top stories
Armenian Public Council advises to rehabilitate ArmaviaArmenian Public Council advises to rehabilitate Armavia
“It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said.
Gazprom seeks 100% stake in ArmRusgaspromGazprom seeks 100% stake in ArmRusgasprom
The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan.
PSRC to discuss lowering water price at June 21 sittingPSRC to discuss lowering water price at June 21 sitting
On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter.
KfW Development Bank to assist SMEs in ArmeniaKfW Development Bank to assist SMEs in Armenia
Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.
Partner news
 Articles
EFSE funding for agricultural sector keeps growing

This is even more significant as the EFSE gives PLIs full flexibility in using MSE credit line funds across economic sectors.

 Most popular in the section
CBA: measures taken to de-dollarize Armenian economy
CBA forecasts 1% decrease in economic growth
Russia hails Armenia’s efforts for Customs Union integration – FM
CBA, EFSE, European Banking Center to sign MoA
Home
All news
Overview: Economy
Archive for October 3, 2012
Other news in this section
 Latest news
Iran's Guardian Council approves presidential election result Hassan Rouhani won the election by taking nearly 51% of votes. Since he won more than half, that eliminated the need for a runoff.
Friends of Syria to meet in Doha on June 22: French official Assad's forces aim to retake Aleppo, where they have been mired in a bloody stalemate with rebels for nearly a year.
Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017.
FBI head admits use of drones for surveillance in U.S. The use of such drones is politically charged and civil-rights advocates say there are no clear privacy rules governing their use.