November 25, 2016 | Cbonds
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.
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Company: Global Credit (Armenia)
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