EN
11 May 2009 - 11:27 AMT

NASDAQ OMX Armenia lists Inecobank bonds

Starting May 11, 2009, nominal bonds issued by Inecobank closed joint stock company will be listed and included in bond list of NASDAQ OMX Armenia. The issue comprises 7,000 bonds with nominal value AMD 50,000, maturity 365 days and annual yield of 9.5%. The issue will be traded under ENECB1 ticker symbol, reported the marketing service of NASDAQ OMX.

Inecobank CJSC was established in February 1996 and is currently offering the full spectrum of banking services through its Head Office and branches in Yerevan and regions of Armenia.

Among major foreign shareholders of the bank are KfW bank group member German investment company DEG (Deutsche Investitions- Und Entwicklungsgesellschaft). As of March 31, 2009, total capital of the bank amounted to about AMD 9.36 billion, and total assets exceeded AMD 48.4 billion.

Since February 2009, Inecobank CJSC is a member of NASDAQ OMX Armenia with access to all exchange markets, including corporate and government securities, REPO, and currency.

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 CJSC was officially renamed as NASDAQ OMX Armenia OJSC.