Zangezur Copper Molybdenum Combine lists USD 50 mln and AMD 2.5 bln bonds on Armenia Securities Exchange

22.11.2019 12:12
Zangezur Copper Molybdenum Combine lists USD 50 mln and AMD 2.5 bln bonds on Armenia Securities Exchange

YEREVAN, November 22. /ARKA/. Zangezur Copper Molybdenum Combine CJSC listed 50 mln US dollars and 2.5 bln AMD worth bonds on Armenia Securities Exchange.

The USD-denominated and AMD-denominated bonds have 7.5% and 11% coupon rate respectively, the Exchange said.

The face value of a bonds are 100USD and 100,000 drams respectively. The payment frequency is quarterly and semiannual respectively. The maturity period is 36 months and the maturity date is 30.09.2022.

‘Zangezur Copper Molybdenum Combine” Closed Joint Stock Company (ZCMC) is a leading Armenian mining company with headquarters in Kajaran, Armenia. ZCMC operates large, long-lived, assets with significant proven and probable reserves of molybdenum and copper. -0-


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