Global Shipping’s $2 million bonds to start trading on the Armenia Stock Exchange on October 23
US dollar bonds of Global Shipping LLC (Globbing) with a total nominal value of $2 million will start trading on the Armenia Stock Exchange (AMX) on October 23.
The AMX Chief Executive Officer approved the decision on October 20. The registered coupon bonds are admitted to the main bond list (Abond), with October 23 as both the listing date and the first trading day. Negotiated trading and repo transactions in the bonds are also permitted. From October 23, AMX will grant Converse Bank market maker status for the bonds.
The issue comprises 20,000 bonds with a nominal value of $100 each. The bonds have a 36-month term and mature on August 14, 2029. The coupon rate is 8.25%, paid semi-annually, for a total of six payments. The placement ran from August 14 to September 11.
| Global Shipping LLC | |
|---|---|
| Ticker | GLBSB3 |
| ISIN | AMGLBSB23ER6 |
| Size | $2 million (20,000 × $100) |
| Coupon | 8.25%, semi-annual |
| Maturity | August 14, 2029 |
| List | main (Abond) |
| Market maker | Converse Bank |
On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 349.1 billion. A total of 278 securities of 64 issuers are listed and admitted to trading.
