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EOC President: Presence of Armenia at inaugural European Games in Baku demonstrates how sport can give a lead to politicians

Elmar Mammadyarov: Azerbaijan will settle Nagorno Karabakh conflict in any case

Edward Nalbandian on Riga Summit: Armenia's Expectations Delivered

Aliyev: Azerbaijan Aspires to Resolve the Armenian-Azerbaijani Conflict over Nagorno-Karabakh in Accordance with International Law

Armed forces of Azerbaijan fired over 3,500 shots at Karabakh positions on May 17-23

Azeraijan's vetoing the Riga Summit declaration was a senseless and shortsighted step, Martin Schulz says

Russia and Azerbaijan to Discuss Settlement of Nagorno-Karabakh Conflict

Edward Nalbandian: Azerbaijan again Left Isolated in Respect of Support to the Mediation Efforts by the Co- Chairs of the Minsk Group

Armenian National Congress calls on the citizens to join the campaign against rising energy costs on May 27

Armenia's simultaneous cooperation with NATO and CSTO creates no problems, a German official says

Orange Foundation continues community development projects in Syunik region

"Rusastanyan 20" and "Rusastanyan 35" Beeline services available for postpaid subscribers

American Congressman: Menace of Terrorism and Radical Islam might Unite Armenians and Azerbaijani

Diplomatic source: Final declaration of Riga summit should be a consensus document that would refer to the views of Armenia and Belarus

"No to Robbery" to hold a motor rally on May 23

Belgian prime minister says Armenian Genocide did happen and no one in Belgium thinks differently about it

VTB Bank (Armenia) offers "Super-rate" offer - conscientious borrowers regain 10% of the loan interest paid

"Eastern Partnership" Declaration Unanimously Adopted with only UN Countries Endorsing the Wording on "Annexation of Crimea"

Latvian FM says Armenia and Azerbaijan can claim visa liberalization with EU, if they meet all the necessary requirements

European Commissioner: Cross-border cooperation between Armenia and Azerbaijan to open up new opportunities for Karabakh conflict settlement

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President of Armenia: Nagorno Karabakh has no relation whatsoever to Azerbaijan's territorial integrity

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Ara Nranyan stresses the need to avoid unreasonable stimulation of import and regressive closure of markets

The Number of Operating Air Carriers in Armenia Decreased from 35 to 27 since the "Open Skies" Policy Implementation

30 people interrogated under case of attempted assassination of Syunik Governor

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Armenian-German Forum has been Launched in Bundestag

Ashot Ghulyan Re-elected as Speaker pf Artsakh Parliament

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Armenian Government Endorsing a Draft Document with Microsoft

German Chancellor says Germany respects Armenia's point-of-view

Human rights defender: To fight tortures of suspects, legislative reform is needed in Armenia

Polish MP says friendly relations with Armenia have always been important to Poland

Oppositionist slams Prosecutor General for concealing Syunik Governor's crimes

Armenian delegation participates in NATO Military Committee meeting in Brussels

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Shootings Towards Syunik Governor's Car

On May 21 Serzh Sargsyan Will Leave for Latvia to Participate in the Riga Summit

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VTB Bank (Armenia) funds construction of Progress Agro greenhouse facility

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Armswissbank: The mid-term bonds of the National Mortgage Company (NMC) (of the 10th tranche) are a profitable and effective injection

  • by Elita Babayan

  • Wednesday, May 28, 00:42

The mid-term bonds of the National Mortgage Company (NMC) (of the 10th tranche) are a profitable and effective injection,_ deputy executive  director, head of the investment department of Armswissbank, being the market-maker of the corporate papers of the NMC, Karen Turyan, told Arminfo correspondent.  He recalled that the demand for the corporate mid-term bonds of the NMC surpassed supply by 2,5 times and amounted to about 2,5 billion AMD in the conditions when the placement was guaranteed. 

He said that as a market-maker the bank purchased just 50 million AMD. 

When touching on the general market tendencies, he said a tendency of decrease of interest rates of the state bonds has been noticed at the securities market. This raises attractiveness of the corporate securities. He thinks that by the end of 2014, when the issue of introduction of the mandatory pension system will be  finally resolved in Armenia, the activeness among  potential issuers  of the bonds will grow. 

On 19 May 2014 NASDAQ OMX Armenia granted "Armswissbank" cjsc, which is the exchange member since September 14, 2007, status of market maker for the 10th issue of corporate bonds, issued by "National Mortgage Company" RCO CJSC (NMCCB2A) and listed on the exchange's Abond list. 
To note, on 15 May 2014 this issue of the NMC's bonds comprising 10,000 coupon bonds for a total value of AMD 1 bln, maturity period of 36 months and coupon yield of 10%, was listed on Abond list of NASDAQ OMX Armenia and allowed to manual and REPO trading. 

As a market maker of mentioned bonds, Armswissbank will provide liquidity, thus enhancing investors' opportunity to buy and sell the bonds in the secondary market. Noteworthy that Armswissbank is also the market maker of the common nominal stocks issued by "Artsakh HEK" ojsc (AHEK) and listed on NASDAQ OMX  Armenia's secondary (B) list.
Armswissbank was established on October 7, 2004 as a closed joint stock company and on February 25, 2005 was granted banking license N84 by the Central Bank of Armenia. The Bank's shareholders are Mr. Vardan Sirmakes:  CEO, founder and 100% owner of "Frank Muller Watchland" company and BELEGGINGSMAATSCHAPPIJ JONGO B.V., owning 80% and 20% of the Bank's shares, accordingly. Armswissbank works in three main directions: corporate, investment and private banking.

 

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