NASDAQ OMX Armenia introduces on-line retail system for government bonds allocation and buyback

May 10, 2017 - Cbonds

 

On April 25, 2017 NASDAQ OMX Armenia launched an on-line system for government bonds allocation and buyback, which enables individuals to purchase government bonds on-line, directly from the Government, without visiting any service point. The system has been implemented in cooperation with Treasury direct system of the Ministry of Finance of RA.

Individuals will be able to invest not only in treasury saving bonds and short terms bills, but also in medium and long term government bonds, via registering by ID card on www.gp.minfin.am free of charge. Interest from the investments will not be subject to income tax.

Service points of the Treasury direct will be still operating, in parallel with on-line system, where the investor will be able to find services provided by on-lines system, as well as register on the on-line system in case the investor doesn’t have an ID card.

Thanks to the fully automated system investor makes the payment for bonds with his/her credit card. Registration on the system and transactions are free of charge, investor will have to pay only the fee applicable for electronic cash payment.
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Issuer: Armenia
Issuer profile:

Armenia is a landlocked country in the South Caucasus region of Eurasia.

Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools... more

Outstanding issues:
2 issuesUSD1,200,000,000
45 issuesAMD573,393,956,000
Issuer rating:
RIA RatingB+/StableSovereign ratings09/04/2015
Organisation for Economic Co-operation and Development (OECD)6/Country Risk Classifications06/24/2016
Rating-Agentur Expert RAB+/Rating scale of the creditworthiness of sovereign governments (SGC) -National currency07/28/2017
Rating-Agentur Expert RAB+/Rating scale of the creditworthiness of sovereign governments (SGC) - Foreign currency07/28/2017
Rating-Agentur Expert RAB/Rating scale of the country credit environment (CCE) rating - National currency07/28/2017
Rating-Agentur Expert RAB/Rating scale of the country credit environment (CCE) rating - Foreign currency07/28/2017
Moody's Investors ServiceB1/StableLT- foreign currency03/18/2016
Moody's Investors ServiceB1/StableLT- local currency03/18/2016
Fitch RatingsB+/StableLT Int. Scale (foreign curr.)06/30/2017
Fitch RatingsB+/StableLT Int. Scale (local curr.)06/30/2017
Rating Agency RAEX (Expert RA)Withdrawn/Foriegn curr. scale07/04/2016
Rating Agency RAEX (Expert RA)Withdrawn/Local curr. scale07/04/2016
National Rating AgencyiB-/PositiveGlobal scale10/04/2016
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