YEREVAN, February 1. /ARKA/. The European Bank for Reconstruction and Development (EBRD) has placed the first issue of AMD coupon bonds worth a total of 2 billion drams at NASDAQ OMX Armenia stock exchange, the stock exchange press office reported.

The floating rate Notes for a total amount of AMD 2 billion were placed successfully through the stock exchange mechanism. The coupon rate is referenced to 6-month AMD T-Bill rate published by the Central Bank of Armenia with a margin of 0.30% per cent per annum. Cut-off rate was set during the auction at 8.555%.

“This is the first public placement of bonds in Armenia by an international financial institution, completed through the stock exchange mechanism, which widens the customer base of NASDAQ OMX Armenia by using its technologies in the securities placement process and creates grounds for enhancement of investment opportunities in Armenian capital market”, says the report.

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Tags: bonds, EBRD, first places

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