Tuesday, May 2 2017 17:02
Karina Melikyan

NasdaqOMX Armenia successfully launched first allocation of state bonds

NasdaqOMX Armenia successfully launched first allocation of state  bonds

ArmInfo. NasdaqOMX Armenia exchange  on May 2 successfully launched primary distribution of state bonds,  which was taking place at Central Bank platform before. It started  with intermediate state bonds-three year old AMGN36294202 and  five-year-old AMGN60294227.

The launch of state bonds concurrently to long-term transche  AMGB2029A374 took place on April 29, and the extent of emissions each  of these releases totaled 200bln AMD. Long-term launch will be  allocated in June, and the mentioned middle term releases are being  allocated gradually (8-10bln AMD).

According to exchange-stock press-service, during biddings the extent  of presented triennial AMGN36294202 requests totaled 12.832 bln AMD,  and five-year-old AMGN60294227-19.507 bln AMD.  In both cases the  extent of supplied applications totaled 10 bln AMD. Weighted average  return on AMGN36294202 formed 8.3498%, within the profitability under  the cut price of 8.6%, and on AMGN60294227-corrispondently 9.27772%  and 9.43%. Profitability on coupon launch AMGN36294202 is set for 8%,  AMGN6029447-9%. Payouts on coupons are provided for once a half-year.  State bonds launch under international registration code ISIN. 

According to renewed launch way, allocation, turnover and payoff of  state bonds, from now on the first day of primary allocation will be  applied only competitive requests, and those agents, who managed to  get state bonds on the first day on competitive requests, can get  next day on competitive requests.