Tuesday, September 25 2012 19:24
3rd Issue of Corporate Bonds by National Mortgage Company placed via IPO mechanism of NASDAQ OMX Armenia
ArmInfo. The placement of the 3rd issue of corporate bonds by "National Mortgage Company" Refinancing Credit Organization CJSC (NMC RCO) has taken place at NASDAQ OMX Armenia.
The press service of NASDAQ OMX Armenia told ArmInfo that a total value of AMD 477,084,616.89 was placed through stock exchange mechanism. All the value issued was placed, while bonds demand was even higher, amounting to AMD 755,217,511.45. Weighted average price was 9.5533% and the cut price stood at 9.755%.
This is the 3rd subsequent issue of corporate bonds by NMC RCO. To recall, the 1st issue (NMCCB1) was placed via stock exchange mechanism and later admitted to trading at NASDAQ OMX Armenia free Cbonds market in late 2011. On May 24, 2012 the 1st issue of corporate bonds by NMC RCO was redeemed and its trading at NASDAQ OMX Armenia was terminated. The 2nd issue was placed on June 18, 2012 and will circulate until its redemption date on December 6, 2012.
Details of the placement are available for download at "News" section of NASDAQ OMX Armenia official web-site www.nasdaqomx.am
National Mortgage Company RCO CJSC was registered in the Central Bank of Armenia by the decision N 1/1167A of the board of the Central Bank of Armenia dated October 19, 2011 Registration certificate N 26, Activity License N 26). The only shareholder is the Central Bank of Armenia.
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.