EBRD dram-denominated 2 billion drams listed at NASDAQ OMX Armenia

12.02.2015 12:27
EBRD dram-denominated 2 billion drams listed at NASDAQ OMX Armenia

YEREVAN, February 11. / ARKA /. Two billion drams worth bonds of the European Bank for Reconstruction and Development (EBRD) of the second issue were listed on NASDAQ OMX Armenia today and included in the main Abond list, the stock exchange said today.

It said the face  value of a bond is 10,000 drams; the maturity period is 6 months and the coupon yield is  17%. EBRD bonds are assigned EBRDB2 ticker. They will be allowed to conclude targeted and repo transactions.

These bonds were placed at NASDAQ OMX Armenia on January 30, 2015. The total amount of submitted bids  (aggregate demand) totaled 2.908 billion drams.

The bonds were fully placed, attracting 2 billion drams. The first issue of EBRD coupon dram-denominated bonds with a floating rate (EBRDB1) in the amount of 2 billion drams were placed in 2014 February and were repaid on February 2, 2015.

NASDAQ OMX Armenia is the new name of the Armenian Stock Exchange ojsc (renamed on January 27, 2009), however, it is also used to refer jointly to the stock exchange and the Central Depository of Armenia ojsc (CDA), as the both companies have been members of the NASDAQ OMX Group, Inc. since early 2008.

NASDAQ OMX Armenia and the CDA are the major securities market infrastructure institutions in Armenia. Since their inception in 2000, both companies had operated as self-regulatory organizations established by member broker companies, up until demutualization in 2007.
NASDAQ OMX Armenia is a part of the world's largest exchange company, the NASDAQ OMX Group, Inc.

The EBRD is one of the largest investors in Armenia. Since its inception in Armenia in 1992 it has financed implementation of 136 programs in the field of energy and infrastructure, as well as in the financial sector, worth  803 million euros. -0-


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