NOMINAL COUPON BONDS ISSUED BY FINCA UCO CJSC PLACED AT NASDAQ OMX ARMENIA.27.04.2017
On April 27, 2017 placement of nominal coupon bonds (FNCAB2) issued by “Finca” Universal Credit Organization CJSC (UCO CJSC) took place at NASDAQ OMX Armenia.
The Company submitted for placement 150,000 coupon bonds for the amount of AMD 1,500,000,000 with nominal value of AMD 10,000, coupon rate of 12.75% and maturity period of 24 months.
Purchase orders for a total value of AMD 1,861,352,596 were submitted for the Company’s bonds (ISIN- AMFNCAB22ER2), as a result of which the bonds were fully placed. The Issuer has attracted AMD 1,501,239,156 from placement. Cut-off price of the bonds was AMD 10,001.72, the cut-off yield stood at 12.74%, and the weighted average yield was 12.702%.
Details of the placement are available here.
"FINCA" Universal Credit Organization CJSC was founded and licensed in March, 2006 (license N13 given by Central Bank of RA). The Copmany was founded by “FINCA International Inc.” American organization, which transferred a part of its shares to the "FINCA Microfinance Cooperative" UA on November 01, 2011. FINCA has a wide range of branches and representations covering entire are of the Republic of Armenia and providing business, agriculture, as well as consumer credits. For more information please visit the official web-page of the company: www.finca.am.