Yerevan /Mediamax/. First two exchange deals on “Inecobank” CJSC bonds (ENECB1) at the total sum of 3.3mln AMD took place on “NASDAQ OMX Armenia” Stock Exchange today.

Mediamax reports referring the official website of “NASDAQ OMX Armenia” that the average weighted yield of bonds made 10.1285%.

Broker Dealer of “Capital Asset Management” Alik Arakelyan informed Mediamax that the fact that the yield of “Inecobank” bonds in the first deals exceeded the initial one by 0.6 percentage points is natural, since governmental bonds in Armenia now enjoy 9.5% yield.

“It is natural that the yield of corporate bonds should be higher than the yield of governmental ones”, Alik Arakelyan stated.

Answering the question on the reasons of the first relative exchange activity for the current month, Alik Arakelyan stated that it is conditioned by the need of liquidity among investors.

Nominal discount bonds of “Inecobank” at the total volume of 350mln AMD were included in Bbond list of “NASDAQ OMX Armenia” Stock Exchange on May 11, 2009. 7000 bonds of the bank with the nominal value of 50 000 each, repayment term of 365 days and annual yield of 9.5% were listed.

Underwriter and market maker of “Inecobank” bonds is “Capital Asset Management” Investment Company. 

Total volume of the deals on corporate bonds on “NASDAQ OMX Armenia” made 19.5mln AMD today, the volume of deals with shares – 0.4mln AMD.