Thursday, December 12 2013 20:01
Corporate Bonds of National Mortgage Company Placed at Nasdaq OMX Armenia
Armenia. On December 11, 2013 placement of the 8th issue of corporate bonds by "National Mortgage Company" Refinancing Credit Organization CJSC (NMC RCO) amounting to AMD 500 mln took place at NASDAQ OMX Armenia.
The press service of NASDAQ OMX Armenia has told ArmInfo that discount bonds for a total value of AMD 479,213,920 were placed through stock exchange mechanism. All the value issued was placed, while bonds demand was even higher, amounting to AMD 957,444,440. Weighted average price was 8.5797% and the cut price stood at 8.6497%.
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.
According to the Ranking of Credit Companies of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 Oct 2013 the assets of National Mortgage Company amounted to 29.9 bln AMD (32.2% y-o-y growth), liabilities - 19.4 bln AMD (53.3% y-o-y growth), net profit - 441.4 mln AMD (28.6% y-o-y growth).
NASDAQ OMX is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients.
In January 2008, Nordic exchange operator OMX Group acquired 100% of the 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 became fully owned by the NASDAQ OMX Group, Inc. 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.
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