EBRD places fourth issue of dram coupon bonds worth AMD 2 billion

30.07.2015 15:57
EBRD places fourth issue of dram coupon bonds worth AMD 2 billion

YEREVAN, July 30. /ARKA/. The European Bank for Reconstruction and Development has successfully placed the fourth issue of dram coupon bonds (EBRDB4) worth AMD 2 billion with a floating interest rate at NASDAQ OMX Armenia, the press office of the stock exchange reported on Wednesday.

The size of a coupon is equal to the cost of the central bank's six-month bonds plus 0.25% of margin for the next coupon repayments. Yield is set at 12.0328%.

The underwriter of the bonds is Ameriabank and buyers are three members of the stock exchange.
NASDAQ OMX Armenia (former Armenian Stock Exchange, Armex), was established in 2001 as a voluntary merger of broker (dealer) companies.

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 NASDAQ and OMX merged in March 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.

On January 27, 2009, Armenian Stock Exchange was renamed NASDAQ OMX Armenia.

The European Bank for Reconstruction and Development is one of the biggest investors in Armenia. The EBRD has implemented 136 projects with investments totaling €803 million since it started operating in the country in 1992. --0--


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