Yerevan, Armenia, 2014-02-01 08:47 CET (GLOBE NEWSWIRE) -- On 31 January 2014 European Bank for Reconstructions and Development (“EBRD”) placed its 1st Armenian Dram (“AMD”) denominated bonds via an auction that took place at NASDAQ OMX Armenia.
The floating rate Notes for a total amount of AMD 2 billion were placed successfully through the stock exchange mechanism. The coupon rate is referenced to 6-month AMD T-Bill rate published by the Central Bank of Armenia (“CBA”) with a margin of 0.30% per cen per annum. Cut-off rate was set during the auction at 8.555%.
This is the first public placement of bonds in Armenia by an international financial institution, completed through the stock exchange mechanism, which widens the customer base of NASDAQ OMX Armenia by using its technologies in the securities placement process and creates grounds for enhancement of investment opportunities in Armenian capital market.
Ameriabank CJSC and HSBC Bank Armenia CJSC acted as advisers and agents to the issuer.
More information on instruments traded at NASDAQ OMX Armenia is available on “Instruments” page of the company’ official web-site: www.nasdaqomx.am
The Bank is an international organisation formed under the Agreement Establishing the Bank dated 29th May, 1990 (the "Agreement"), signed by 40 countries, together with the European Economic Community and the European Investment Bank. The Agreement came into force on 28th March, 1991 and the Bank commenced operations on 15th April, 1991. The Bank has currently 66 members including Armenia. The Bank's principal office is in London.
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In January 2008, Nordic exchange operator OMX Group acquired 100% of the shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA became fully owned by the NASDAQ OMX Group, Inc. 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.
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