CORPORATE BONDS OF HSBC BANK ARMENIA LISTED BY NASDAQ OMX ARMENIA STOCK EXCHANGE
ARKA
Feb 4, 2009
YEREVAN, February 4. /ARKA/. Corporate coupon bonds of HSBC Bank
Armenia have passed listing at NASDAQ OMX Armenia Stock Exchange on
Tuesday and included in the Bbond list, the stock exchange’s press
office reported on Wednesday.
According to the report, all 10,000 bonds worth AMD 100,000 each
were listed.
The maturity term is 365 days. Annual interest rate of a coupon is
set at 9%.
HSBC Bank Armenia, subsidiary of HSBC Bank plc, was registered on
September 25, 1995.
HSBC Bank plc holds 70% of the shares of HSBC Bank Armenia and 30%
belong to overseas Armenian investors.
HSBC Bank Armenia is a member of NASDAQ OMX Armenia.
The bank’s assets totaled AMD 121.8 billion and liabilities AMD 106.3
billion by December 31, 2008.
The bank’s total capital is AMD 15.5 billion.
Net profit for Jan/Dec 2008 amounted to AMD 3.9 billion.
Credit investments totaled AMD 71.8 billion by late December 2008
against AMD 52.6 billion earlier that year.
Armenian Stock Exchange (Armex) renamed NASDAQ OMX Armenia in January
2008 was established in 2001 as voluntary merger of 21 broker (dealer)
companies.
In November 2007, Armex was reorganized into an open joint stock
company.
In January 2008, OMX, Scandinavian stock exchange operator, bought 100%
of Armenian Stock Exchange and Central Depository’s shares.
After NASDAQ and OMX merger in March 2008, the company NASDAQ OMX
Group, Inc became the sole holder of Armenian Stock Exchange and
Central Depository’s shares.
23 securities underwent registration and listing on Armenian Stock
Exchange by January 26, 2009.
Capitalization of Armex amounted to AMD 53.6 billion. ($1 = AMD
305.19).