OREANDA-NEWS. February 19, 2010. According to the NASDAQ OMX Armenia stock-exchange market monthly summary for January 2010 “Inecobank” CJSC was the leader by the corporate bonds stock-exchange transactions volume, reported the press-centre of Inecobank.

It is important to note that during January 2010 the total volume of the Bank’s corporate bonds’ transactions comprised approximately 50% (more than 47,5 mln AMD) of the total bonds’ transactions volume at the NASDAQ OMX Armenia.

Bonds issued by Inecobank are nominal, book-entry, coupon and discount bonds. The United States Government represented by the United States Agency of International Development (“USAID”) provides up to 50% guarantee in favor of the bondholders. According to the agreement between Inecobank and the US Government, represented by the USAID, the Bank should issue bonds with the par value of USD 9,000,000 equivalent in AMD to be allocated in more than one tranche.

The placement of bonds is realized by the “Capital Asset Management” CJSC.