Thursday, November 23 2017 20:04

ArmInfo. On November 23,  the placement of two tranches of registered coupon non-documentary  bonds of the Universal Credit Company Global Credit with the issue  volume of $ 1 million and 300 million AMD was held at the primary  placement site of the NasdaqOMX Armenia exchange via a (European)  standard closed one-time auction.

As the press service of the stock exchange informs, within the  framework of the USD tranche (GLBLB5) 10,000 bonds were issued at a  nominal value of $ 100, with a coupon yield of 7% per annum, with a  maturity of 3 years. Within the framework of the AMD tranche  (GLBLB6), 30,000 bonds were issued at a nominal value of 10,000 AMD,  with a coupon yield of 10% per annum, with a maturity of 1 year.

During the placement of USD bonds (ISIN - AMGLBLB25ER6), 20 deals  were made. The bonds of the USD tranche were placed in full, as a  result of which the company managed to raise $ 1,000,410.4. The cut-  off price for the placement was $ 100, the yield on the cut-off was  7%, weighted average yield was 6.9846%.

During the placement of AMD bonds (ISIN - AMGLBLB16ER5), 5 deals were  concluded. The bonds of the AMD tranche were also placed in full, as  a result of which it was possible to attract 300,025,879.8 AMD. The  cut-off price at placement was 10 thousand, yield on cut-off - 10%,  weighted average yield - 9,9908%.

The underwriter in the issue of these bonds was the investment  company "RENESA" and it will become a market maker when they apply on  the secondary market.