Tuesday, December 6 2016 20:02
Alina Hovhannisyan

Coupon Bonds by GLOBAL CREDIT will be traded on NASDAQ OMX Armenia

Coupon Bonds by GLOBAL CREDIT will be traded on NASDAQ OMX Armenia

ArmInfo. Starting from  December 05, 2016 the nominal coupon bonds with GLBLB3 ticker symbol  issued by "GLOBAL CREDIT" Universal Credit Organization CJSC will be  listed on the secondary Bbond list of NASDAQ OMX Armenia, while  another issue of the Company's bonds with GLBLB4 ticker symbol will  be admitted to trading on Cbond free market, the press office of  NASDAQ OMX Armenia has told ArmInfo.

GLBLB3 bonds (ISIN - AMGLBLB23ER1) include 10,000 coupon bonds with  nominal value of USD 100, coupon rate of 9.0% and maturity period of  36 months.

GLBLB4 bonds (ISIN - AMGLBLB24ER9) include 20,000 coupon bonds with  nominal value of AMD 10,000, coupon rate of 14% and maturity period  of 24 months.   

The bonds will be allowed to manual and REPO trading as well. The  underwriter and marketmaker of the two issues is RENESA CJSC.

To note, GLOBAL CREDIT UCO CJSC is a universal credit organization  registered according to Resolution No. 267A as of 26 October 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 was established on 26 March 2001. On 27 June 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  January 2002. Starting from 11 December 2008 RENESA has also been a  member of the Securities Accounting System. In 2014, Renesa was  declared as the best investment company in Armenia. The shareholders  of the company are Eduard Marutyan (50%) and Araik Karapetyan (50%).  Renesa has repeatedly been the underwriter and marketmaker of the  Armenian issuers' bonds.

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.  NASDAQ OMX Armenia and  Central Depository of Armenia are among the main securities market  infrastructure institutions in Armenia. The exchange offers to the  market professionals a fully automated electronic trading platform.

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