  NMC places AMD 1 bln corporate bonds at NASDAQ OMX Armenia  November 24, 2011 - 17:12 AMTPanARMENIAN.Net - On Nov 24, the first ever IPO of corporate bonds took place at NASDAQ OMX Armenia stock exchange. Discount bonds of “National Mortgage Company” Refinancing Credit Organization CJSC (NMC RCO) for a total value of AMD 954,723,223.82 were placed through stock exchange mechanism. All the value issued was placed, while the bonds demand was even higher, amounting to AMD 1,442,956,491.95. Weighted average price was 9.38% and the cut price stood at 9.63%. Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia, welcomed the NMC RCO’s decision to place bonds through the exchange market and noted that it became possible thanks to joint effort of all market participants and the CBA support. IPO market is one of those additional services, which are possible to provide upon demand from the companies, as the Exchange strives to contribute to securities market development, continuously providing additional high quality services to the stakeholders. Mr. Mher Edigaryan, CEO, National Mortgage Company opened the honorable bell ceremony and commented “We’re satisfied with the result, as demand for bonds was even higher, than supply. This is the first step our work in capital market will be continuous”. National Mortgage Company RCO CJSC was registered in the Central Bank of Armenia by the decision N 1/1167A of the board of the Central Bank of Armenia dated October 19, 2011 Registration certificate N 26, Activity License N 26). The only shareholder is the Central Bank of Armenia. The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. On January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Pasadena to host Armenian Genocide commemoration event  The Pasadena Armenian Coalition will host its community-wide Armenian Genocide Commemorative Event.Armenia: Opposition activist transferred to Investigative Committee Activist Samvel Vardanyan has been accused of insulting the lawmaker Hakob Aslanyan from the ruling Civil Contract party.Russia confirms start of withdrawal of peacekeepers from Karabakh The Kremlin has confirmed reports about the start of the withdrawal of Russian peacekeeping forces in Karabakh.France recalls its ambassador to Azerbaijan France on April 16 said it had recalled for consultations the French ambassador to Azerbaijan. |
