Market conditions of corporate bonds of Armenia demonstrated 26%
decline in transactions in September 2009

2009-10-02 18:49:00

ArmInfo. In September 2009 the volume of transactions in the market of
corporate bonds of Armenia declined by 26%, however, the number of
transactions grew from 34 to 54. According to NASDAQ OMX Armenia, in
the total volume of transactions carried out at the stock exchange, the
lion’s share (6,4% or 140.9 mln AMD) fell on transactions with
corporate bonds of Converse Bank, the average weighted yield of which
over this period made up 10,6403%. The lowest share fell on the
transactions with the first-issue bonds of ELITE GROUP. The volume of
transactions with these bonds amounted to 230 thsd AMD while only 1
transaction was carried out at the average weighted yield of 10,5977%.
The biggest number of transactions (20) fell on the first-issue bonds
of IMEX GROUP, which had the highest yield in the market – 11,4982%.

Director General of the Investment company Capital Asset Management
Tigran Karapetyan said today investors give their preference to mostly
short-term corporate bonds. From this viewpoint, the most attractive
bonds are those of INECOBANK (ENECB1), with a redemption period of 1
year and average weighted yield of 10%. As regards the probability of
new emissions before the end of 2009, Karapetyan said that one
shouldn’t expect new emissions. , – he said.