FINCA Universal Credit Organization’s $4 million worth bonds admitted to trading at NASDAQ OMX Armenia

23.02.2017 14:56
FINCA Universal Credit Organization’s $4 million worth bonds admitted to trading at NASDAQ OMX Armenia

YEREVAN, February 23. /ARKA/. FINCA Universal Credit Organization’s bonds (FNCAB1) were admitted Wednesday to trading at NASDAQ OMX Armenia, according to the stock exchange’s news release.

The company submitted for placement 160,000 coupon bonds for the amount of USD 4,000,000 with nominal value of USD 25, coupon yiled of 7.5% and maturity period of 24 months.

Purchase orders for a total of USD 4,209,069 were placed for the company’s bonds (ISIN-AMFNCAB21ER4), as a result of which the bonds were fully placed. The Issuer has attracted USD 4,003,869.33 from placement. Cut-off price of the bonds was USD 25, the cut-off yield stood at 7.5%, and the weighted average yield was 7.4470%.

NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc. NASDAQ OMX Armenia and Central Depository of Armenia are among the main securities market infrastructure institutions in Armenia.

The exchange offers to the market professionals a fully automated electronic trading platform. --0---


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