AMD 1.2 billion bonds of "Pharm Credit Armenia" UCO CC have been  listed at Armenia Securities Exchange

ArmInfo. The bonds of "Farm Credit Armenia" UCO CC (Universal Credit Organization Commercial Cooperative) have been listed at the Armenia Securities Exchange, and resident and non-resident individuals and legal entities have the opportunity to acquire the company's bonds. This is noted in the message of the Armenia Securities Exchange.

According to the source, "The nominal coupon bonds of "Farm Credit  Armenia" UCO CC are listed on the exchange's secondary (Bbond) list,  allowing manual and Repo transactions with these bonds.  

"Farm Credit Armenia" UCO CC has listed 12,000 bonds with a total  nominal value of 1.2 billion AMD, each with a nominal value of  100,000 AMD. The coupon yield of the issued bonds is 12.25%, with a  circulation period of 30 months.  

The placement was implemented by "Dimension" CJSC from May 2 to May  8, 2024. Bonds with a total volume of 1.2 billion AMD were issued,  all of which were fully placed. Notably, bonds worth 1.05 billion AMD  were placed directly through the Armenia Securities Exchange's  placement platform.  

The funds raised will be directed towards providing agricultural and  SME loans. More than two-thirds of Farm Credit's loan portfolio  consists of agricultural loans, with the rest dedicated to SME  financing, renewable energy financing, and leasing of agricultural  machinery, and construction equipment."

Operating in the Armenian market since September 2007, "Farm Credit  Armenia" UCO CC is the first Credit Cooperative organization and the  only one of its kind in Armenia.   The authorized capital of the  company as of December 31, 2023 was 1.4 billion AMD (versus 1.3  billion in 2022). The Credit Cooperative has 10,234 members (versus  9,702 in 2022). As of December 31, 2024, Agro Corp Assistance Fund  owns 41% of the company's authorized capital (versus 43.4% in 2022),  and the share of each of the other members does not exceed 1%