CAPITAL ASSET MANAGEMENT BECOMES MARKET MAKER FOR CONVERSE BANK BONDS
ArmInfo
2009-02-12 10:06:00
ArmInfo. Starting February 10, 2009, NASDAQ OMX Armenia member Capital
Asset Management cjsc will provide buy and sell prices for nominal
coupon bonds of "Converse Bank" cjsc, which have been included in the
Bbond list of the stock exchange since January 26, 2009. This issue
listed under ticker symbol CVBKB1 consists of 10,000 bonds with nominal
value AMD 30,000, maturity 1095 days and coupon yield 10.64%p.a.
In its status of a market maker Capital Asset Management will ensure
that investors are always able to buy and sell the bonds of Converse
Bank on NASDAQ OMX Armenia, thus promoting the liquidity of the
securities in the secondary market.
Capital Asset Management has been a member of the stock exchange
since December 11, 2006. In December 2008, Converse Bank also became
a member of NASDAQ OMX Armenia. The NASDAQ OMX Group, Inc. is the
world’s largest exchange company. It delivers trading, exchange
technology and public company services across six continents, and
with over 3,900 companies, it is number one in worldwide listings
among major markets. NASDAQ OMX technology supports the operations
of over 60 exchanges, clearing organizations and central securities
depositories in more than 50 countries.
In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in February 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc.
On January 27, 2009, "Armenian Stock Exchange" ojsc was officially
renamed as "NASDAQ OMX Armenia" ojsc.