Covered Mortgage Bonds Issued by First Mortgagae Company placed at NASDAQ OMX Armenia

On December 12, 2017 during a press conference held at NASDAQ OMX Armenia ARARATBANK
announced the placement of covered mortgage bonds issued by "First Mortgage Company" UCO CJSC.
First Mortgage Company submitted for placement two issues of coupon bonds with the total nominal value of
USD 500,000 (FMGCB1) and AMD 100,000,000 (FMGCB2). The first issue of bonds included 20,000 coupon
bonds (FMGCB1) with nominal value of USD 25, coupon rate of 6.5% and maturity period of 2 years. The
second issue includes 10,000 coupon bonds (FMGCB2) with nominal value of AMD 10,000, coupon rate of
10.5% and maturity period of 2 year.
Placement results for FMGCB1 bonds:
9 transactions were concluded during the placement. The bonds were fully placed, as a result of which the
Issuer has attracted USD 500,046.7 from placement. Cut-off price of the bonds was USD 25, weighted
average yield was 6.4950% and the cut-off yield stood at 6.5%.
Placement results for FMGCB2 bonds:
7 transactions were concluded during the placement. The bonds were fully placed, as a result of which the
Issuer has attracted AMD 1,501,239,156 from placement. Cut-off price of the bonds was AMD 10,001.72,
weighted average yield was 12.702% and the cut-off yield stood at 12.74%.
Mr. Karen Zakaryan, Deputy CEO of NASDAQ OMX Armenia welcomed the new financial instrument –
covered mortgage bonds to the capital market, noting that the Exchange will continue to act as an effective
investment platform both for issuers and investors.
Mr. David Atanessian, CEO of First Mortgage Company added that attracted funds will be used to finance new
mortgages and that the company will continue to issue covered mortgage bonds in the future as well.
Mr. David Haruthunyan, Deputy CEO of ARARATBANK noted, that it is planned to list the bonds on NASDAQ
OMX Armenia stock exchange.