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We would like to inform our investors, clients and public that the First Mortgage Company will issue and place its first ever covered bonds (Mortgage Backed Bonds) in Armenia on December 12, 2017. ARARATBANK OJSC will be the underwriter of this first placement. This will be the first issuance and placement of MBB in Armenia’s capital market.
It should be noted that Prospectus and the list of mortgages that shall serve as security to MBB placement has been properly registered with the Central Bank of Armenia by decision of the Chairman of the Central Bank of Armenia, Resolution N 1 / 943A dated November 29, 2017.
The MBBs will be placed electronically on December 12, 2017 by “NASDAQ OMX” Armenia OJSC placement system through a one-off auction. Moreover, only Members of the Stock Exchange shall participate in the auction. The list of registered Members is available at “NASDAQ OMX Armenia” OJSC official website www.nasdaqomx.am. Investors not registered with the “NASDAQ OMX Armenia” OJSC shall only participate in the auction and take advantage of the offer through engaging registered Members of the Stock Exchange in the manner and terms defined by them.
The essential terms of the bonds (MBB) shall be as follows:
Release currency AMD (Armenian drams) USD (United States dollars)
Nominal value 10,000 AMD 25 USD
Total volume: 100,000,000 AMD 500, 000 USD
Turnover period: 24 month 24 month
Coupon rate: 10.5 % per annum 6.5 % per annum
Coupon payment dates: 12.03.2018, 12.06.2018, 12.09.2018, 12.12.2018, 12.03.2019, 12.06.2019, 12.09.2019,12.12.2019
Bonds Identification Code at NASDAQ OMX AMFMGCB22ER1 AMFMGCB21ER3
Secured by Mortgage Loans Mortgage loans, with the balance of the principal amount of 152,631,944 AMD as of 01.11.2017. Mortgage loans, with the balance of the principal amount of 364,920,128 AMD as of 01.11.2017.
Underwriter ARARATBANK OJSC
