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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
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