Friday, February 17 2012 16:49
NASDAQ OMX Armenia increases redemption period of interbank loans to 1 and 2 weeks
ArmInfo. The floor of the long-term interbank loans will be launched in NASDAQ OMX Armenia in Q2 2012, Director General of NASDAQ OMX Armenia Konstantin Saroyan said at today's press conference. He added that initially the period of interbank loans will be prolonged to 7, 14 days, and afterwards - to a month. He recalled that the floor of the short-term interbank overnight loans was launched in April 2010. In 2011 the average monthly volume of transactions on this floor grew 3.5-fold.
Saroyan rules out the launch of the floor of corporate bonds in terms of USD in 2012. He said that the megaregulator is currently discussing the possible and the most effective mechanisms to launch the given instrument.
In 2012 NASDAQ OMX Armenia is also going to create opportunities for integration of the local stock market with the markets of Northern Europe countries included in NASDAQ OMX Group. "The process of integration is very important both for the potential issuers and for the investors. The decision on integration of the local market is fully supported by the Central Bank of Armenia. Our megaregulator also wants to see a system integrated with the European market, which will provide the foreign investors with an access not only to the shares or corporate bonds of Armenian companies, but also to the government bonds", Saroyan said.
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