Coupon bonds by Global Credit UCO CJSC placed at NASDAQ OMX Armenia.23.11.2017
On November 23, 2017 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 (GLBLB5) and AMD 300,000,000 (GLBLB6). The first issue of bonds included 10,000 coupon bonds (GLBLB5) with nominal value of USD 100, coupon rate of 7% and maturity period of 3 years. The second issue includes 30,000 coupon bonds (GLBLB6) with nominal value of AMD 10,000, coupon rate of 10% and maturity period of 1 year.
20 transactions were concluded during the placement. The bonds were fully placed, as a result of which the Issuer has attracted USD 1,000,410.4 from placement. Cut-off price of the bonds was USD 100, weighted average yield was 6.9846% and the cut-off yield stood at 7%.
5 transactions were concluded during the placement. The bonds were fully placed, as a result of which the Issuer has attracted AMD 300,025,879.8 from placement. Cut-off price of the bonds was AMD 10,000, weighted average yield was 9.9908% and the cut-off yield stood at 10%.
The placement was carried out by “RENESA” CJSC, which will also act as a market-maker after the bonds listing.
About GLOBAL CREDIT
GLOBAL CREDIT UCO CJSC is a universal credit organization established in consequence of amalgamation of WASHINGTON CAPITAL universal credit organization CJSC and CREDIT UNION universal credit organization CJSC, which also was enlarged as a result of "GLOBAL CREDIT" UCO CJSC and "GFC GENERAL FINANCIAL and CREDIT COMPANY UCO LLC union. Now the company is the legal consequent of "Credit Union", "Washington Capital" UCO CJSC and "GFC General Financial and Credit Company" UCO LLC. For further information please visit the Company’s official web-site: www.globalcredit.am.