NASDAQ OMX Armenia: Bonds Issued by Black Sea Trade And Development Bank Placed at Market
On June 27, 2017 placement of AMD denominated nominal coupon bonds (BSTBB1) issued by Black Sea Trade and Development Bank took place at NASDAQ OMX Armenia.
The Company submitted for placement bond with total volume of AMD 2,000,000,000, which includes 200,000 coupon bonds with nominal value of AMD 10,000 each, coupon rate of 8.455% and maturity period of 3 years.
Purchase orders for a total value of AMD 2,691,574,896.50 were submitted for the Bank’s bonds (ISIN- AMBSTBB21ER4), as a result of which the bonds were fully placed. The Issuer has attracted AMD 2,005,573,856.5 from placement.Cut-off price of the bonds was AMD 10,000.13, the cut-off yield stood at 8.4545%, and the weighted average yield was 8.3481%. Details of the placement are available for download at “News” section of NASDAQ OMX Armenia official web-site: www.nasdaqomx.am.
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The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by eleven countries of the Organization of the Black Sea Economic Cooperation. Founders of BSTDB were Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB started operations in June 1999. The Bank supports economic development and regional cooperation in the Black Sea Region through trade and project finance lending, guarantees, and equity participation in private enterprises and public entities in the member countries. BSTDB is rated “A-” by Standard & Poor’s and “A2” by Moody’s. For more information please visit www.bstdb.org.
NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. 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. NASDAQ OMX Armenia and Central Depository of Armenia are among the main securities market infrastructure institutions in Armenia.The exchange offers to the market professionals a fully automated electronic trading platform. For more information please visit the official website of the Company: www.nasdaqomx.am.