Global credit to issue nominal coupon bonds in USD and Armenian drams

10.11.2015 18:56
Global credit to issue nominal coupon bonds in USD and Armenian drams

YEREVAN, November 10. / ARKA /. The Armenian Global Credit universal credit organization said today it will use the NASDAQ OMX Armenia stock exchange as a platform to issue nominal coupon bonds on 17 November this year.

According to a press release, the placement of bonds will be made in two currencies and in two tranches. By the first tranche it will place 10,000 nominal coupon bonds in the amount of $1 million with a maturity of 24 months and an interest rate of 9.5% per annum.

By the second tranche the company will place 10,000 coupon bonds with nominal volume of 100 million drams with a maturity of 12 months and an interest rate of 15%. The underwriter is Renesa investment company.

Global Credit was registered and licensed in 2010. Its shareholders are Edward Marutyan - 33.3%, Araik Karapetyan - 28.1%, Gagik Vardanyan - 33.5% and Karen Darbinyan - 5%

At the end of third quarter 2015 its assets stood at 9.7 billion drams (a growth of 12.4%), liabilities were worth 8.5 billion drams (a growth of 11.6%) and the total capital stood at 1.2 billion drams (a growth of 21.4%). In the first nine months it earned 219.5 million drams in net profits against 66.8 million drams for the same period in 2014. ($1 – 479.86 drams). -0-


Tags:

Partners news
Loading...

Related Posts