Armenian eurobonds begin trading at NASDAQ OMX Armenia exchange

31.01.2014 18:22
Armenian eurobonds begin trading at NASDAQ OMX Armenia exchange

YEREVAN, January 31. / ARKA /. On January 31, 2014 at a special ceremony held at NASDAQ OMX Armenia the launch of the Armenian Eurobonds trading at the exchange market was announced. David Sargsyan, Minister of Finance and Nerses Yeritsyan, Deputy Chairman of the CBA were present at the ceremony.

In 2013 the Republic of Armenia, represented by the Ministry of Finance, issued and successfully placed Eurobonds for total value of USD 700 mln, maturity of 7 years and coupon rate of 6%.

Thanks to the link established between the Central Depository of Armenia and Clearstream Banking Luxemburg Armenian Eurobonds trading in Armenian financial market was ensured, while admittance of the latter to trading at the exchange is another step towards increasing accessibility of this instrument to Armenian investors.

"Armenian Eurobonds are not only another investment alternative in Armenian capital market, but also the first security, registered in foreign financial systems, and traded at NASDAQ OMX Armenia. This is significant achievement and precedent for the market", noted Konstantin Saroyan, CEO, NASDAQ OMX Armenia.

Arshaluys Margaryan, Head of State dept management department of the Ministry of Finance, rang the bell, announcing the Armenian Eurobonds trading at NASDAQ OMX Armenia and noted: "As issuer we are interested in ensuring attractiveness and liquidity of Eurobonds, and now there's a new opportunity for circulating Eurobonds in our local market. High demand towards Armenian Eurobonds evidences that our team succeeded in this regard." -0-


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