Thursday, June 23 2016 19:44
Alina Hovhannisyan

National Mortgage Company presents 150.000 discount bonds for amount of 1.5 bln AMD for placement at NASDAQ MX Armenia

National Mortgage Company presents 150.000 discount bonds for amount of 1.5 bln AMD for placement at NASDAQ MX Armenia

ArmInfo. On June 23, 2016 placement of nominal discount bonds (NMCCB1F) issued by "National Mortgage Company" Refinancing Credit Organization CJSC (RCO CJSC) took place at NASDAQ OMX Armenia.  

The press-service of NASDAQ OMX Armenia informs that the Company submitted for placement 150,000 discount bonds for the amount of AMD 1,500,000,000 with nominal value of AMD 10,000 and maturity period of 12 months. 

9 transactions were concluded during the placement, as a result of which bonds for a total amount of AMD 1,349,999,885.75 were placed. Cut-off price of the bonds was AMD 8,996.63, the cut-off yield stood at 11% and the weighted average yield was 10.9589%.  

To note, National Mortgage Company RCO CJSC was registered in the Central Bank of Armenia by the decision of the board of the Central Bank of Armenia dated October 19, 2011. The only shareholder is the Central Bank of Armenia. Currently three issues of corporate bonds by NMC (NMCCB2A, NMCCB2B and  NMCCB2C) are listed on the main Abond list of NASDAQ OMX Armenia.  NMCCB2A was admitted to trading on the stock market on May 15, 2014, the issuing volume is 1 bln AMD (10 thousand bonds with nominal value of 100 thousand AMD each), maturity is 3 years, the yield is 10%. NMCCB2B was admitted to trading on the stock market on July 11, 2014, the issuing volume is 1.2 bln AMD (120 thousand bonds with nominal value of 10 thousand AMD each), maturity is 5 years and the yield is 12%. NMCCB2C was admitted to trading on the stock market on October 22, 2014, the issuing volume is 1 bln AMD (100 thousand bonds with nominal value of 10 thousands AMD each), maturity is 3 years, the yield is 10%. The coupon payments are made once in 6 months.  The term of these bonds expires in 2017:  NMCCB2A - April 23, NMCCB2B' - June 24, NMCCB2C - October 7.

To recall, NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia.  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. 226 transactions on corporate bonds were made on NASDAQ OMX Armenia in 2015, which  totaled 453.5 mln AMD (versus 343 transactions totaling 1.1 bln AMD in 2014). Capitalization of stock market of Armenia in 2015 grew by 42% totaling 103.8 bln AMD (versus 73 bln AMD in 2014 and 61.7 bln AMD in 2013).


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Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2