On November 23, 2017 "GLOBAL CREDIT" UCO CJSC plans to issue and place nominal coupon dram and dollar bonds. Executive Director of GLOBAL CREDIT CJSC, Aram Ghukasyan, informed the journalists about this.

Bonds will be placed on the primary platform of NASDAQ OMX Armenia OJSC, through a standard closed (European) one-time auction. As in 2015 and 2016, this year, Renesa CJSC, which has been issuing and placing the company's bonds over the past two years, will be the placer, and after the listing of issued bonds, the latter will also perform market maker functions.

Aram Ghukasian noted that this year it is envisaged to issue bonds at the sum of USD 1 million, the annual coupon yield of which will make 7%, the turnover period - 36 months with semi-annual income payments. The nominal value of 1 dollar bond is $ 100, the total number - 10,000. As to AMD bonds this year, the company plans to issue bonds at the amount of AMD 300 thousand, annual yield of which will make 10%, the circulation term will be 12 months, the nominal value of one bond will make 10 thousand drams and the total number of issues will be 30 thousand pieces.

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