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EBRD places AMD denominated bonds at NASDAQ OMX Armenia

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  • EBRD places AMD denominated bonds at NASDAQ OMX Armenia

    EBRD places AMD denominated bonds at NASDAQ OMX Armenia

    13:17 01.02.2014


    On 31 January 2014 European Bank for Reconstructions and Development
    ("EBRD") placed its 1st Armenian Dram ("AMD") denominated bonds via an
    auction that took place at NASDAQ OMX Armenia.

    The floating rate Notes for a total amount of AMD 2 billion were
    placed successfully through the stock exchange mechanism. The coupon
    rate is referenced to 6-month AMD T-Bill rate published by the Central
    Bank of Armenia ("CBA") with a margin of 0.30% per cen per annum.
    Cut-off rate was set during the auction at 8.555%.

    This is the first public placement of bonds in Armenia by an
    international financial institution, completed through the stock
    exchange mechanism, which widens the customer base of NASDAQ OMX
    Armenia by using its technologies in the securities placement process
    and creates grounds for enhancement of investment opportunities in
    Armenian capital market.

    http://www.armradio.am/en/2014/02/01/ebrd-places-amd-denominated-bonds-at-nasdaq-omx-armenia/




    From: A. Papazian
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