News Column

ARMENIA-NMC-BONDS-LISTING

February 21, 2014



9th Issue of Corporate Bonds by National Mortgage Company Admitted to Trading at NASDAQ OMX Armenia

Yerevan, February 21. ArmInfo. Elita Babayan. On February 21, 2014 ninth issue of bonds by "National Mortgage Company" Refinancing Credit Organization CJSC (NMC RCO) were admitted to trading on Cbond free market of NASDAQ OMX Armenia. The bonds will be traded under NMCCB9 ticker symbol.

The press service of NASDAQ OMQ Armenia has told ArmInfo that this issue of the Company's bonds comprises 8,050 discount bonds for a total value of AMD 805 mln and maturity period of 12 months.

To recall, on February 5, 2014 placement of the ninth issue of corporate bonds by NMC RCO took place at NASDAQ OMX Armenia. The placement comprised 10,000 bonds with nominal value of AMD 100,000, maturity period of 12 months and total value of AMD 1,000,000,000. Demand for the Company's bonds was 8,050 with total value of AMD 805,000,000. From the placement the issuer has attracted AMD 741,058,200. Weighted average yield was 8.6766%, and the cut-off yield stood at 8.8013%.

Currently three other issues of bonds by NMC are admitted to trading and outstanding at NASDAQ OMX Armenia.

National Mortgage Company RCO CJSC was registered in the Central Bank of Armenia by the decision N 1/1167A of the board of the Central Bank of Armenia dated October 19, 2011 Registration certificate N 26, Activity License N 26). The only shareholder is the Central Bank of Armenia.

According to the Ranking of Credit Companies of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 Jan 2014 the assets of National Mortgage Company amounted to 30 bln AMD (21.4% y-o-y rise, 1st position among the credit companies). Lending totaled 80% (24 bln AMD) of the Company's assets (2.1% y-o-y growth). At the yearend 2013, the Company's net profit totaled 578.1 mln AMD (26.4% rise). As of 1 Jan 2014 the total capital of National Mortgage Company amounted to 10.7 bln AMD (3rd position among the credit companies).

NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients.


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Source: ArmInfo - Newswire (Armenia)


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