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ArmSwissBank becomes HSBC Bank Armenia market maker

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  • ArmSwissBank becomes HSBC Bank Armenia market maker

    PanARMENIAN.Net

    ArmSwissBank becomes HSBC Bank Armenia market maker
    07.02.2009 14:24 GMT+04:00

    /PanARMENIAN.Net/ From February 6, 2009, ArmSwissBank CJSC will
    officially announce the purchase and sale price of coupons of HSBC
    Bank Armenia (HSBCB1), which were recently included into the Bbond
    list of the NASDAQ OMX Armenia.

    The tranche includes 10 thousand bonds with principal value of 100
    thousand AMD (some $328), with a 365-day maturity period and 9% of
    annual coupon yield.

    With the status of market maker, ArmSwissBank CJSC will maintain the
    solvency, thus providing the investors with a constant possibility to
    buy or sell bonds at a secondary market.

    HSBC Bank Armenia joined NASDAQ OMX Group in January 2009.
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