FINCA UCO nominal coupon bonds worth AMD 1.5 million placed at NASDAQ OMX Armenia

28.04.2017 16:03
FINCA UCO nominal coupon bonds worth AMD 1.5 million placed at NASDAQ OMX Armenia

YEREVAN, April 28. /ARKA/. Nominal coupon bonds (FNCAB2) issued by “Finca” Universal Credit Organization CJSC (UCO CJSC) were placed Thursday at NASDAQ OMX Armenia, the stock exchange reports.

The Company submitted for placement 150,000 coupon bonds for the amount of AMD 1,500,000,000 with nominal value of AMD 10,000, coupon rate of 12.75% and maturity period of 24 months.

Purchase orders for a total value of AMD 1,861,352,596 were submitted for the Company’s bonds (ISIN- AMFNCAB22ER2), as a result of which the bonds were fully placed. The Issuer has attracted AMD 1,501,239,156 from placement. Cut-off price of the bonds was AMD 10,001.72, the cut-off yield stood at 12.74%, and the weighted average yield was 12.702%.

Details of the placement are available for download at “News” section of NASDAQ OMX Armenia official web-site:

"FINCA" Universal Credit Organization CJSC was founded and licensed in March, 2006 (license N13 given by Central Bank of RA). The Company was founded by “FINCA International Inc.” American organization,

FINCA has a wide range of branches and representations covering entire are of the Republic of Armenia and providing business, agriculture, as well as consumer credits.

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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