Armswissbank becomes market maker of NMC 10th issue of bonds

PanARMENIAN.Net - NASDAQ OMX Armenia granted Armswissbank cjsc, which is the exchange member since September 2007, status of market maker for the 10th issue of corporate bonds, issued by National Mortgage Company RCO CJSC (NMCCB2A) and listed on the exchange’s Abond list.

On May 15, 2014 this issue of the NMC’s bonds comprising 10,000 coupon bonds for a total value of AMD 1 bln, maturity period of 36 months and coupon yield of 10%, was listed on Abond list of NASDAQ OMX Armenia and allowed to manual and REPO trading.

As a market maker of mentioned bonds, Armswissbank will provide liquidity, thus enhancing investors’ opportunity to buy and sell the bonds in the secondary market. Armswissbank is also the market maker of the common nominal stocks issued by Artsakh HEK ojsc (AHEK) and listed on NASDAQ OMX Armenia’s secondary (B) list.

Armswissbank was established in October 2004 as a closed joint stock company and on February 25, 2005 was granted banking license N84 by the Central Bank of Armenia. The Bank’s shareholders are Vardan Sirmakes, CEO, founder and 100% owner of “Frank Muller Watchland” company and BELEGGINGSMAATSCHAPPIJ JONGO B.V., owning 80% and 20% of the Bank’s shares, accordingly.

Armswissbank operates in three main directions: corporate, investment and private banking.