FORMATION AND DEVELOPMENT OF CORPORATE BONDS MARKET DEPENDS ON ACTIVITY OF BROKERS
YEREVAN, MARCH 30. ARMINFO. The formation and development of a
corporate bonds market in Armenia depends on how active brokers will
be, says the executive director of the Armenian Stock Exchange Armen
Melikyan.
It is for brokers to consult with potential emitters, to register,
place and quote the bonds every day. If they take no such steps,
there will be no corporate bonds in Armenia.
The emission and placement of corporate bonds will stongly promote the
development of corporate securities market. Presently, because of no
corporate management principles, corporate securities have almost no
liquidity. Armeconombank’s first try has shown that there is certain
demand for corporate bonds in Armenia. These bonds are liquid, they
have a market maker and are quoted on stock exchange on a daily bases
and so anyone who buys them can easily sell them on stock exchange,
says Melikyan.