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Bonds of First Mortgage UCO LLC
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Bonds of First Mortgage UCO LLC

On December 12, 2017, ARARATBANK placed the first covered mortgage bonds issued by FIRST MORTGAGE COMPANY UCO.

This tool is a novelty in the Armenian capital market with the main characteristic of these bonds being secured not only by issuer obligations but also by a pool of mortgages, the list of which together with the bond prospectus were registered by the Central Bank of Armenia. The bonds were issued according to the Law of the Republic of Armenia “On Covered Mortgage Bonds”.

 

 

Issue of bonds of "First Mortgage Company" UCO LLC, 12.12.2017
Category First tranche Second tranche
Bond issue currency AMD USD
Nominal value AMD 10,000 USD 25
Total volume AMD 100,000,000 USD 500,000
Maturity 24 months 24 months
Coupon rate 10.5% per anum 6.5% per anum
Coupon payment dates 12.03.2018, 12.06.2018, 12.09.2018, 12.12.2018, 12.03.2019, 12.06.2019, 12.09.2019, 12.12.2019.

Distinctive code of bonds AMFMGCB22ER1 AMFMGCB21ER3
Security Mortgage loans, the principal balance of which as of 01.11.2017 is AMD 152,631,944. Mortgage loans, the principal balance of which as of 01.11.2017 is AMD 364,920,128.
Underwriter ARARATBANK OJSC

The Bond Issue Prospectus is available here

Page updated 15.10.2021 | 10:47

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.