Category: 2022

"Dimension" CJSC successfully placed "Fast Credit Capital” UCO CJSC's Bonds

 14:01,

"FAST CREDIT CAPITAL" UCO CJSC issued AMD and USD bonds with 11.5% and 6.25% yield. The purpose of the bonds issuance is to raise money for a certain period. The underwriting of Fast Credit bonds has been done successfully by “Dimension” CJSC. The bonds will be listed on the Bbond platform of the Armenia Securities Exchange, ensuring free circulation. The quotation of the bonds will be carried out by “Dimension” CJSC, which has experience in effectively providing market making services.

Coupon payments to investors will be made by "FAST CREDIT CAPITAL" UCO CJSC on a quarterly schedule and at the end of the term investors will receive the nominal value of the bonds.

Acquiring bonds has the following advantages:

– Listed, liquid bonds can be bought or sold on the securities exchange,

– In case of selling bonds before the maturity date, the investor receives the accumulated interest,

– The investor can allocate the assets between preferred sectors and companies,

– Interest income from listed bonds in the Republic of Armenia is exempt from income tax and non-resident profit tax,

– Portfolio diversification

You can learn more about the program prospectus of the corporate coupon bonds issued by "FAST CREDIT CAPITAL" UCO CJSC here.

 

About "Fast Credit Capital" UCO CJSC

 

Fast Credit has been operating since 1994 and was registered as "Fast Credit Capital" UCO CJSC by the Central Bank of Armenia on October 14, 2011. Currently, the Organization has 12 branches in Yerevan and 16 branches in different regions of Armenia.

Part of the company's business strategy is to ensure the growth of the culture of using financial services in society and to strengthen the reputation of a reliable and conscientious financial consultant.

 

About "Dimension" CJSC

Founded in 2018 and with capabilities spanning Investment Securities Services, Capital Markets Advisory, and Investment Management & Research, Dimension strives to put clients first by being their most reliable, insightful, and effective investment services partner in Armenia, while maintaining the firm's high integrity. Dimension’s capabilities are fortified by its core values, highly engaged shareholders and global network. 

Dimension Investments received the award of best account operator by the Armenia Securities Exchange and the Central Depository within the framework of the annual AMX Awards:

• In the category of best account operator in 2020
• In the category of best account operator in 2021

Dimension CJSC is supervised by the Central Bank of Armenia.

To learn more about Dimension visit our website or .

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 14:03,

YEREVAN, AUGUST 16, ARMENPRESS. STARMUS Festival Founding Director astrophysicist Garik Israelian had a meeting with the volunteers involved in the festival which will be held September 5-10 in Armenia.

Israelian thanked the volunteers who signed up to participate in the 6th edition of STARMUS.

The astrophysicist told the young volunteers that they can expect a “a very interesting and productive week”

“We’ve always had volunteers during all festivals, but Armenia’s volunteers will be the most special ones, I have no doubt about this. Why? Because perhaps this is the first time that scientists of this level are coming to Armenia. It will be very interesting for you to see whom you are working with. It’s been very difficult for young people to focus on something in Armenia especially in the recent years due to the war, endless political problems and politicized media. If there’ve been young people who despite all these difficulties have expressed interest and willingness to participate and support in this festival, it is far more important for me than having had organized this festival in some other European country. Having this kind of youth in Armenian conditions gives me hope for change,” Israelian told ARMENPRESS.

He recalled how they were able to properly organize STARMUS II with only 30 volunteers, when only 3 or 4 volunteers were needed to accompany and assist Stephen Hawking.

Israelian says he hopes that STARMUS will promote interest for science among the youth in Armenia, and similar other festivals will again be organized in the country.

“Let STARMUS be the reason of changing attitude towards science in Armenia,” he said.

Diana Balasanyan, the coordinator of the volunteers of the festival, said they are starting the training from August 16 so that the volunteers are well prepared.

“We have over 180 volunteers from almost all universities of Armenia. Those who speak English well are participating because STARMUS is an international festival and we are working with an international team. Certainly, the volunteers must also have interest in science, arts, be proactive and be willing to learn. The volunteers will accompany the speakers, help the audience, especially foreigners. Anyone having trouble finding their way through the venue or having any questions will be assisted by the volunteers. The volunteers will also help on stage and in the STARMUS camp. Various encouragements will be given to the volunteers, but I think the biggest encouragement is that they have the chance to see the festival from the inside and gain the knowledge offered by STARMUS,” Balasanyan said.

One of the volunteers, Karine Hovhannisyan, told ARMENPRESS that she wanted to join because STARMUS is the biggest scientific festival in Armenia. “I think I will obtain many skills thanks to the festival. Besides, there will be such renowned people here that seeing, working and helping them will be a great honor for me,” she said.

 14:18,

YEREVAN, AUGUST 16, ARMENPRESS. There is no danger of a new explosion in the Surmalu market, the Deputy Minister of Emergency Situations Davit Hambaryan told reporters.

Asked whether or not there are still any flammable materials inside, Hambaryan said they are now attempting to visually determine what materials are left inside.

“It is not possible to enter the building because it is dangerous for the rescuers. We will continue visually determining whether any flammable materials are left inside,” he said.

Hambaryan said that they are losing hope to find anyone alive under the rubble.

“No other action other than cooling of the building and visual monitoring is done. We must determine a plan with other agencies to understand what to do with the part of the building which is still standing. But before that, the ministry of emergency situations is carrying out full swing search and rescue operations,” Hambaryan said.

Preliminarily,  authorities have decided not to bring down the exploded building until every missing person is found.

 14:33,

YEREVAN, AUGUST 16, ARMENPRESS. The tax inspection agency in the city of Gyumri is evacuated after authorities received a bomb threat targeting the building.

The chief of the Shirak provincial rescue department Alexan Gyozalyan told ARMENPRESS that bomb squads are now searching the building.

He added that they’d received a bomb threat targeting the same building on August 15 as well, and the call was determined to be a hoax threat.

Armenuhi Mkhoyan

 15:05,

YEREVAN, AUGUST 16, ARMENPRESS. The bomb threat targeting the Yerevan metro was fake.

The metro resumed operations after all stations were searched by police K9 and bomb squad teams and no explosives were found.

CIVILNET.AM

 15:39,

YEREVAN, AUGUST 16, ARMENPRESS. The Prime Minister of Georgia Irakli Garibashvili extended condolences over the deadly explosion in Yerevan.

“Deeply saddened by the news of the fatal fireworks storage explosion in Armenia’s capital, leaving people missing & injured. My sincere condolences go out to our Armenian friends in this time of grief. Our thoughts & prayers are with families & loved ones of the deceased in this tragedy,” the Georgian PM tweeted.

 16:01,

YEREVAN, AUGUST 16, ARMENPRESS. The number of those unaccounted for following the market explosion stands at 4. Earlier the authorities were reporting 6 missing people which included an Iranian national.

“The number of missing people was brought down from 6 to 4 because the Iranian Embassy in Armenia said that the Iranian national who was presumed missing is now in Georgia. And another person who was presumed missing personally told authorities that they weren’t in the market area at the time of the explosion,” Ministry of Emergency Situations spokesperson Hayk Kostanyan said.

The following people are still unaccounted for:

Gagik Karapetyan

Artavazd Hayrapetyan

Vanik Amirkhanyan

Kseniya Badalyan

 16:23,

YEREVAN, AUGUST 16, ARMENPRESS. Police have identified the person who made the fake bomb threats targeting various buildings in Yerevan and in Gyumri in the recent days.

Police said a 63-year-old citizen of Gyumri told the local police department that he made the hoax bomb threats while being intoxicated.

An investigation is underway.

 17:15,

YEREVAN, 16 AUGUST, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 16 August, USD exchange rate down by 0.10 drams to 406.09 drams. EUR exchange rate down by 2.90 drams to 411.41 drams. Russian Ruble exchange rate up by 0.02 drams to 6.62 drams. GBP exchange rate down by 2.80 drams to 488.16 drams.

The Central Bank has set the following prices for precious metals.

Gold price down by 208.13 drams to 23195.46 drams. Silver price up by 0.78 drams to 265.43 drams. Platinum price stood at 16414.1 drams.