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 During an official ceremony on January 27, NASDAQ OMX Armenia marked the successful launch of the first securitized bond issuance in Armenia and announced the listing of these bonds at the stock exchange for the secondary market trade.  This landmark transaction was made possible through the joint efforts of USAID, Capital Investments, and universal credit organizations.  In attendance at the event were U.S. Ambassador to Armenia Richard Mills, Deputy Prime Minister and Minister of International Economic Integration and Reforms Vache Gabrielyan, Deputy Chairman of the Central Bank of Armenia Vakhtang Abrahamyan, CEO of NASDAQ OMX Armenia Konstantin Saroyan, CEO of Capital Investments Tigran Karapetyan, as well as representatives of international organizations and financial institutions, according to the Press and Media Section of the U.S. Embassy in Yerevan.

“This event is important most of all because it will make more funds available for the development of rural areas – to help farmers expand production and entrepreneurs start businesses in rural villages – and for consumer loans. The first securitized bond issuance in Armenia is also an opportunity to support new financial products in Armenia.  This new type of financial product combines many development initiatives that we have pursued over the years – all focused on making more funds available in the credit system for the development of rural areas,” said Ambassador Mills.