YEREVAN, May 14. /ARKA/. Armenian’s National Mortgage Company will conduct the second public offering of nominal discount bonds in the amount of AMD 1 billion on June 7, the company told ARKA. A total of 10 thousand discount bonds will be placed with a six month maturity period. The nominal value of one bond is 100,000 drams.

Armenia’s National Mortgage Company conducted its first initial public offering (IPO) at NASDAQ OMX Armenia stock exchange last November, placing nominal discount bonds worth AMD 1 billion. The issue amounted to AMD 954,723,223.82. Bids at the auction totaled AMD 1,442,956,491.95. Yield of highest accepted bids was 9.63%, and W.A. yield of successful bids was 9.38%. Maturity term was six months.

The universal credit organization National Mortgage Company was founded in  2009.  ($1 - 393.07 drams). -0-