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The debut bond problems with Zangezur Copper Molybdenum Mix CJSC (ZCMC), the biggest mining firm in Armenia, for the overall quantity of USD 50 million and AMD 2.5 billion have been totally redeemed on September 30, 2022, marking profitable completion of the biggest company bond transaction ever executed in Armenia. Ameriabank acted because the underwriter and market-maker of ZCMC’s bonds, thus as soon as once more placing into motion its coverage of supporting the economic system of RA and the securities market, particularly.
“The ZCMC’s bond program was an unprecedented initiative for the capital market of Armenia by way of the providing measurement and investor participation. This transaction has proved that our bond market is able to assembly the funding wants of Armenian firms, which can be proved by historic company bond placements organized in Armenia by Ameriabank. We’re assured that ZCMC’s profitable bond program will change into a benchmark for native firms by way of elevating funds from different finance sources”, – said Gagik Sahakyan, Company and Funding Banking Director of Ameriabank.
3 years in the past Ameriabank organized ZCMC’s bond placement by way of public providing. The amount of the transaction was practically 5 instances the quantity of the biggest company bonds beforehand positioned on the securities market of Armenia. The providing noticed sturdy demand from each native and worldwide buyers. The investor ebook was anchored by prestigious worldwide establishments such because the European Financial institution for Reconstruction and Improvement, the Black Sea Commerce and Improvement Financial institution, the Eurasian Improvement Financial institution..
Curiosity from the native market was not restricted to institutional buyers (fund managers, banks), many people received the chance to take a position their financial savings in high-yield monetary instrument.
After main placement, ZCMC’s bonds had been listed and admitted to buying and selling at Armenia Securities Alternate (AMX), the place Ameriabank turned the market-maker for the bonds, thus guaranteeing liquidity on the secondary market.
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