The 4th issue of AMD denominated bonds issued by EBRD listed on NASDAQ OMX Armenia

According to the source, the face value of the EBRD bonds is AMD 10 000, maturing in one year, with equivalent bond yield of 14.5%. The fourth issue bonds will be traded under EBRDB4 ticker symbol at NASDAQ OMX Armenia and allowed to both manual and REPO trading. The bonds have been assigned an ISIN "AMEBRDB14UK0" by the Central Depository of Armenia.

 

This issue of the EBRD bonds is the second in a row, which is of floating rate.  To remind: the European Bank of Reconstruction and Development (EBRD) has placed its fourth issue of AMD bonds onNASDAQ OMX Armenia on July 29. The profitability of the cut-off rate was set during the auction at 12.0328%. The floating coupon rate is referenced to 6-month AMD T-Bill rate published by the Central Bank of Armenia ("CBA") plus a margin of 0.25% for the further coupon payments. The bonds of the fourth issue are quoted at NASDAQ OMX Armenia under the stock ticker symbol EBRDB4. 

 

The placement was organized by "Ameriabank" CJSC, with the total number of bidder market participants being four. At the moment the second and third placement shares are quoted at the stock (EBRDB2 and EBRDB3), with issuing volume of AMD 2 billion each.  The second issue shares were placed at the stock on January 30 2015 and later on February 11, the third issue placement has been permitted to the auctions.  The yield of the second placement is 17%, and 14.5% of the third one. 200 000 papers were issued with nominal value of AMD 10 000 each within each issue. The term of their turnover is 6 months, i.e. the second issue will be paid back on July 30, and on August 11 the third one. The EBRD bonds are listed under Abond category.  The redemption deadline of the EBRD bonds expired on February 2 2015 with the issuing volume of AMD 2 billion and floating yield

 

To note: the EBRD's first issue AMD followed right after the decision of the International Finance Corporation (IFC) to issue the first tranche of AMD bonds in December, 2013. The IFC issued coupon bonds worth 2bn AMD, with a 3-year maturity and a 9.7% yield with semi- annual redemption of the coupon value. That was the first public stock placement of AMD corporate bonds issued by the International entities in Armenia aimed at extension of the number of users of the new technology of stock placements and creation of the required platform to improve the investment capacities in the capital market. 

 

To remind: the Armenian Stock Exchange CJSC was reorganized into open joint-stock company in November 2007 and 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. Since January 7 2008 the OMX (currently, NASDAQ OMX) became 100% shareholder of the NASDAQ OMX Armenia stock exchange.