YEREVAN, JANUARY 30, ARMENPRESS. European Bank for Reconstructions and Development (EBRD) placed its 2nd Armenian Dram (AMD) denominated bonds (EBRDB2) via an auction that took place at NASDAQ Armenia.

Bonds for a total amount of AMD 2 billion were placed successfully through the stock exchange mechanism. The total amount of bids amounted to AMD 2.908 billion and the cut-off rate set during the auction was 17%. Placement was organized by Ameriabank CJSC, with the total number of bidder market participants being 5.

To recall, the first issue of AMD denominated bonds (EBRDB1) by EBRD is already listed at Bonds’ Main list (Abond) of NASDAQ Armenia and will be redeemed on February 02, 2015.

More information on instruments traded at NASDAQ Armenia is available on “Instruments” page of the company’s official web-site: www.nasdaqomx.am.

About EBRD

The Bank is an international organisation formed under the Agreement Establishing the Bank dated 29th May, 1990 (the "Agreement"), signed by 40 countries, together with the European Economic Community and the European Investment Bank. The Agreement came into force on 28th March, 1991 and the Bank commenced operations on 15th April, 1991. The Bank has currently 66 members including Armenia. The Bank's principal office is in London.