Weighted average price was 9.38% and the cut price stood at 9.63%. Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia, welcomed the NMC RCO s decision to place bonds through the exchange market and noted that it became possible thanks to joint effort of all market participants and the CBA support. IPO market is one of those additional services, which are possible to provide upon demand from the companies, as the Exchange strives to contribute to securities market development, continuously providing additional high quality services to the stakeholders. Mr. Mher Edigaryan, CEO, National Mortgage Company opened the honorable bell ceremony and commented We re satisfied with the result, as demand for bonds was even higher, than supply. This is the first step, our work in capital market will be continuous . Later on December 2, 2011, discount bonds issued by National Mortgage Company RCO OJSC were admitted to trading at free Cbond market of NASDAQ OMX Armenia.