GLOBAL CREDIT UCO’s bonds placed at NASDAQ OMX Armenia

25.11.2016 14:24
GLOBAL CREDIT UCO’s bonds placed at NASDAQ OMX Armenia

YEREVAN, November 25. /ARKA/. GLOBAL CREDIT Universal Credit Organization’s registered coupon bonds were placed Thursday at NASDAQ OMX Armenia for placement, the press office of the stock exchange reports.

According to the press release, the Company submitted for placement two issues of coupon bonds with the total nominal value of USD 1,000,000 (GLBLB3) and AMD 200,000,000 (GLBLB4). The first issue of bonds includes 10,000 coupon bonds (GLBLB3) with nominal value of USD 100, coupon rate of 9.0 % and maturity period of 36 months.

The second issue includes 20,000 coupon bonds (GLBLB4) with nominal value of AMD 10,000, coupon rate of 14.0% and maturity period of 24 months.

As many as 15 transactions were concluded during the placement, as a result of which bonds (ISIN: AMGLBLB23ER1) for a total amount of USD 1,000,371.71 were placed. Cut-off price of the bonds was USD 100, the cut-off yield stood at 9% and the weighted average yield was 8.9856%.

Eight transactions were concluded during the placement, as a result of which bonds (ISIN:
AMGLBLB24ER9) for a total amount of AMD 200,030,102.30 were placed. Cut-off price of the bonds was AMD 10,000, the cut-off yield stood at 14% and the weighted average yield was 13.9911%.

The placement was carried out by “RENESA” CJSC, which will also act as a market-maker after the bonds listing.

GLOBAL CREDIT UCO CJSC is a universal credit organization registered and licensed by the Central Bank of Armenia on October 26, 2010.

Its shareholders are Eduard Marutyan – 33.3%, Araik Karapetyan – 28.1%, Gagik Vardanyan – 33.5% and Karen Darbinyan – 5%.

The company’s assets totalled AMD 11.2 billion and liabilities AMD 9.5 billion in late September 2016. Its credit exposure amounted to AMD 9.7% and net profit to AMD 194.2 million. ($1 – AMD 479.18). --0---


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