Friday, November 25 2016 19:26
Karine Melikyan

Global Credit UCO placed its USD and AMD bonds amounting to $1 mln and 200 mln AMD on Nasdaq OMX Armenia

Global Credit UCO placed its USD and AMD bonds amounting to $1 mln and 200 mln AMD on Nasdaq OMX Armenia

ArmInfo. On November 24, 2016 placement of nominal coupon bonds issued by "GLOBAL CREDIT" UCO CJSC took place at NASDAQ OMX Armenia, the press-service of NASDAQ OMX Armenia informs.  The Company submitted for placement two issues of coupon bonds with the total nominal value of USD 1,000,000 (GLBLB3) and AMD 200,000,000 (GLBLB4). The first issue of bonds includes 10,000 coupon bonds (GLBLB3) with nominal value of USD 100, coupon rate of 9.0 % and maturity period of 36 months. The second issue includes 20,000 coupon bonds (GLBLB4) with nominal value of AMD 10,000, coupon rate of 14.0% and maturity period of 24 months.

15 transactions were concluded during the placement of GLBLB3 bonds, as a result of which bonds (ISIN:  AMGLBLB23ER1) for a total amount of USD 1,000,371.71 were placed. Cut-off price of the bonds was USD 100, the cut-off yield stood at 9% and the weighted average yield was 8.9856%.

8 transactions were concluded during the placement of GLBLB4 bonds, as a result of which bonds (ISIN:  AMGLBLB24ER9) for a total amount of AMD 200,030,102.30 were placed. Cut-off price of the bonds was AMD 10,000, the cut-off yield stood at 14% and the weighted average yield was 13.9911%.  The placement was carried out by "RENESA" CJSC, which will also act as a market-maker after the bonds listing.

Currently, only one issue of the company's bonds is traded under GLBLB1 ticker symbol, which was listed on the secondary Bbond list of NASDAQ OMX Armenia on December 2 2015. The Company's bonds first issue (ISIN-AMGLBLB21ER5) comprises f 10,000 coupon bonds with nominal value of USD 100, coupon rate of 9.5%, maturity period of 2 years. 

To note, GLOBAL CREDIT UCO CJSC is a universal credit organization registered according to Resolution No. 267A as of 26.10.2010 of the Central Bank of Armenia, established in consequence of amalgamation of WASHINGTON CAPITAL universal credit organization CJSC and CREDIT UNION universal credit organization CJSC, which also was enlarged as a result of "GLOBAL CREDIT" UCO CJSC and "GFC GENERAL FINANCIAL and CREDIT COMPANY UCO LLC union. Now the company is the legal consequent of "Credit Union", "Washington Capital" UCO CJSC and "GFC General Financial and Credit Company" UCO LLC.

RENESA CJSC has been established on 26.03.2001. On 27.06.2008 the Company was reregistered and re- licensed by the CBA as an investment company. The Company has been a member of Stock Exchange since 24.01.2002. Starting from 11.12.2008 RENESA is also a member of the Securities Accounting System. In 2014, Renesa was declared as the best investment company in Armenia. Renesa has repeatedly been the underwriter and marketmaker of the Armenian issuers' bonds.

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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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000