Monday, September 24 2012 19:24
New instrument to be launched at NASDAQ OMX Armenia
ArmInfo. NASDAQ OMX Armenia introduces a new instrument, foreign currency bonds (FX bonds).
The press service of NASDAQ OMX Armenia reports that FX bonds are corporate bonds, issued by companies, but nominated and traded in foreign currency. FX bonds can circulate in exchange market after being admitted to trading or listed by NASDAQ OMX Armenia.
NASDAQ OMX Armenia will not only create opportunity for issuers and market participants to place securities and trade in foreign currency, but also to conclude repurchase agreements (REPO) with new instrument.
Introduction of new instrument is aimed at increasing investment and capital raising alternatives for public and Armenian companies, respectively, as well as to stimulate foreign investments to Armenian securities market.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.
In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc. visit www.nasdaqomx.com.
On January 27, 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.