National Mortgage Company RCO CJSC is planning to issue and underwrite AMD-denominated coupon bonds on December 6. ARARATBANK OJSC will act as an underwriter of bonds.

The bank said the placement of bonds will take place on Armenia Securities Exchange through an auction, scheduled for December 6, at 11:00-13:30.

The nominal value of AMD-denominated bonds is AMD 10,000 with 36-month maturity period and 12% annual yield. The company will underwrite 500,000 AMD-denominated bonds for a total volume of AMD 5,000,000,000.  

“Once placed, the bonds will be listed on the Armenia Securities Exchange. Investors willing to join the auction may apply to the exchange member companies, the list of which is available on Armenia Securities Exchange official website,” the statement reads.