Yerevan, Armenia, 2014-02-13 14:26 CET (GLOBE NEWSWIRE) -- On 12 February 2014 NASDAQ OMX Armenia listed the first Armenian Dram (“AMD”) denominated bonds of European Bank for Reconstructions and Development (“EBRD”) on the main Abond list.
This issue of total 2 bln AMD floating rate coupon bonds, with nominal value of AMD 10,000 and maturity of one year will be the first floating rate bonds in Armenian market. The issue will be traded under EBRDB1 ticker symbol and will be allowed to manual and REPO trading as well.
“EBRD plays key role in investment projects in Armenia, and having their bonds listed on Abond list of NASDAQ OMX Armenia is important step towards introduction of new instruments and further development of Armenian capital market”, noted Konstantin Saroyan, CEO, NASDAQ OMX Armenia.
“ The EBRD local currency bonds are helping to stimulate and encourage development of Armenia’s capital market, and through EBRD on-lending in Dram, will reduce foreign exchange exposure for local entrepreneurs ”, said Mark Davis, Head of the EBRD Yerevan office.
To recall, earlier this year on January 31, 2014 EBRD placed its AMD denominated bonds via an auction 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 was referenced to 6-month AMD T-Bill rate published by the Central Bank of Armenia with a margin of 0.30% per cen per annum. Cut-off rate was set during the auction at 8.555%.
This was 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.
More information on instruments traded at NASDAQ OMX Armenia is available on “Instruments” page of the company’ official web-site: www.nasdaqomx.am
About EBRD
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.
About NASDAQ OMX Group
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. To learn more, visit www.nasdaqomx.com .
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.
MEDIA RELATIONS CONTACT: Ms. Eugenia Evoyan, Head of Marketing & Communications +374 10 543 321 ext. 115 eugenia.evoyan@nasdaqomx.am, eugenia.evoyan@nasdaqomx.com
