On November 24, 2016 placement of nominal coupon bonds issued by "GLOBAL CREDIT" UCO CJSC took place at NASDAQ OMX Armenia.
The Company submitted for placement two issues of coupon bonds with the total nominal value of USD 1,000,000 (GLBLB3) and AMD 200,000,000 (GLBLB4). The first issue includes 10,000 coupon bonds (GLBLB3) with nominal value of USD 100, coupon rate of 9.0 % and maturity period of 36 months. The second issue includes 20,000 coupon bonds (GLBLB4) with nominal value of AMD 10,000, coupon rate of 14.0% and maturity period of 24 months.
Placement results for GLBLB3 bonds:
15 transactions were concluded during the placement, as a result of which bonds (ISIN: AMGLBLB23ER1) for a total amount of USD 1,000,371.71 were placed. Cut-off price of the bonds was USD 100, the cut-off yield stood at 9% and the weighted average yield was 8.9856%.
Placement results for GLBLB4 bonds:
8 transactions were concluded during the placement, as a result of which bonds (ISIN: AMGLBLB24ER9) for a total amount of AMD 200,030,102.30 were placed. Cut-off price of the bonds was AMD 10,000, the cut-off yield stood at 14% and the weighted average yield was 13.9911%.
The placement was carried out by "RENESA" CJSC, which will also act as a market-maker after bonds listing.
|Issuer, issue number||Global Credit (Armenia), 9% 24nov2019, USD (03, USD) |
|Type of debt instrument||Domestic bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||USD 100 |
|State registration number||AMGLBLB23ER1 |
|Start of placement||11/24/2016 |
|End of placement||11/24/2016 |
|Date of circulation start||11/24/2016 |
|Coupon frequency||4 time(s) per year|
|Settlement date||11/24/2016 |
|Maturity date||11/24/2019 |
|Issue Managers||Bookrunner: Renesa |
|Trading floor||NASDAQ OMX Armenia, GLBLB3 |
Global Credit (Armenia)
|The main objective and mission of “GLOBAL CREDIT” UCO CJSC is to take a leading position in financial market of Armenia, to render a wide range of loan services to their customers and to play a seri...