Yerevan /Mediamax/. According to the data of “NASDAQ OMX Armenia” for January, “Inecobank” (ENECB1) became the leader as to the volume of exchange deals on corporate bonds.

Mediamax reports that the total volume of deals on “Inecobank” bonds in January (over 47.5mln AMD) made about the half of all exchange deals on corporate bonds.

7000 bonds of the bank with the nominal value of 50 000 AMD each, the repayment term of 365 days and annual yield of 9.5% are quoted on “NASDAQ OMX Armenia”. The United States Government represented by the United States Agency of International Development (“USAID”) provides up to 50% guarantee in favor of the bondholders.

Cooperation between “Inecobank” and USAID provides for issue of corporate bonds with the total volume of 2.7bln AMD and their placement by a few tranches. The total number of bonds will make 54 thousands, 37 thousand of which will be placed in the form of discount bonds with the maturity term of 365 days, and the remaining 17 thousands will be places in the form of coupon bonds with the maturity term of 18 months. The bonds are non-convertible.

Placement of bonds is realized by “Capital Asset Management” investment company.