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NASDAQ OMX Armenia Lists Inecobank Bonds

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  • NASDAQ OMX Armenia Lists Inecobank Bonds

    NASDAQ OMX ARMENIA LISTS INECOBANK BONDS

    PanARMENIAN.Net
    11.05.2009 15:27 GMT+04:00

    /PanARMENIAN.Net/ Starting May 11, 2009, nominal bonds issued by
    Inecobank closed joint stock company will be listed and included
    in bond list of NASDAQ OMX Armenia. The issue comprises 7,000 bonds
    with nominal value AMD 50,000, maturity 365 days and annual yield of
    9.5%. The issue will be traded under ENECB1 ticker symbol, reported
    the marketing service of NASDAQ OMX.

    Inecobank CJSC was established in February 1996 and is currently
    offering the full spectrum of banking services through its Head Office
    and branches in Yerevan and regions of Armenia.

    Among major foreign shareholders of the bank are KfW bank group
    member German investment company DEG (Deutsche Investitions- Und
    Entwicklungsgesellschaft). As of March 31, 2009, total capital of the
    bank amounted to about AMD 9.36 billion, and total assets exceeded
    AMD 48.4 billion.

    Since February 2009, Inecobank CJSC is a member of NASDAQ OMX Armenia
    with access to all exchange markets, including corporate and government
    securities, REPO, and currency.

    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 60 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 CJSC was officially
    renamed as NASDAQ OMX Armenia OJSC.
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