ZCMC To Issue More Than $50 Million Worth Bonds Assisted by Ameriabank
Media Room

Zangezur Copper and Molybdenum Combine (ZCMC) is preparing to enter the Armenian public securities market with the assistance of Ameriabank, with unprecedented issue for non-financial companies of $50 million and AMD2.5 billion worth registered coupon bonds. The prospectus for the bonds is about to be filed to the Central Bank of Armenia for registration. 

This is the next significant step towards publicizing of ZCMC with more extensive disclosure of financial statements, ratios, prospective plans, geological and other data in accordance with applicable laws and regulations. En-route to public placement ZCMC will also be fully disclosing its shareholders and beneficiaries up to the last individual, regardless of equity share.

This bond program is the result of a qualitatively new level of cooperation between ZCMC and Ameriabank. It is in line with the company’s policy of transparency, publicity and accountability and aimed at development of economy, in particular securities market and stock exchange trade in Armenia.

Updated 10.07.2019, 15:30
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