NMC corporate bonds 4th issue placed at NASDAQ OMX Armenia

NMC corporate bonds 4th issue placed at NASDAQ OMX Armenia

PanARMENIAN.Net - Placement of the fourth issue of corporate bonds by “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) took place Friady, Dec 14, at NASDAQ OMX Armenia.

A total value of AMD 948,425,776.30 was placed through the stock exchange. All the value issued was placed, while bonds demand amounted to AMD 1,074,419,323. Weighted average price was 10.7562% and the cut price stood at 10.9997%.

This is the fourth subsequent issue of corporate bonds by NMC RCO.

The first and second issues (NMCCB1 and NMCCB2) were placed through the stock exchange, admitted to trading at NASDAQ OMX Armenia free Cbonds market in 2011-2012 and later redeemed, so their trading at NASDAQ OMX Armenia was terminated. The third issue was placed on September 25, 2012 and will circulate until its redemption date on March 25, 2013.

 Top stories
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
Etihad Airways’ Senior VP said the new flights catered for the significant and growing demand for travel between the UAE and Armenia.
Partner news