ArmInfo.On October 22, IDBank will issue the 6th tranche of dollar-denominated coupon bonds in the amount of $ 5 million, with a coupon yield of 5.25%. As the Bank's press service told ArmInfo, the maturity of these bonds was set at 2.3 years. According to the source, payments on coupons for this tranche will be made quarterly, unlike previous issues, when payments were made every six months. As part of this tranche, it is planned to issue 50,000 bonds, each with a nominal value of $ 100.
The placement of bonds of this issue is planned to be completed by December 28 of this year. They can be purchased at any branch of IDBank from October 22 to December 28, 2018. After that, they will be listed on the NasdaqOMX Armenia Stock Exchange. The bonds are guaranteed by the Fund for Guaranteeing Reimbursement of Deposits of Individuals in proportion to the volume of guaranteed deposits. In previous issues of the bank, the investment company (IR) Armenbrok acted as an underwriter and market maker. As for the bonds of the 6th dollar tranche, the issuer bank itself acts as underwriter, and the market maker is ARARATBANK.
As of today, IDBank has already issued 5 tranches of dollar bonds in the amount of $ 25 million and one AMD tranche in the amount of 1 billion drams. On the stock exchange, all tranches of Anelik Bank's bonds are quoted in the main Abond list. Taking into account the planned issue, the tranches of dollar bonds will become 6, and their volume will reach $ 30 million. "Thus, IDBank enables customers to diversify their investments. Bonds, considering it a more flexible tool, we offer our customers that they have the opportunity to increase revenues not only through deposits and savings accounts. At the moment, IDBank in the corporate bond market is the most active player and is going to not only save but also improve the positions achieved. I emphasize that we decided to continue the process of bond issues on the basis of the demand. Initial issue of IDBank-bonds as a rule terminates before the term provided for, "- said the acting Chairman of the Board of IDBank, Ruben Melikyan.
It should be noted that the prospectus of the issue of IDBank bonds was registered at the Central Bank of Armenia by the decision of the Chairman of the Central Bank of February 23, 2006. (link: https://www.idbank.am/company/11800.pdf). The electronic version of the issue prospectus is posted on the IDBank official website www.idbank.am. Here you can familiarize yourself with the basic terms of the release of this tranche.
To recall, Anelik Bank has been operating in the market since October 1996. After the additional issue, carried out in November 2016, the composition of the Bank's shareholders changed - the entry of the Cyprus company FISTOCO LTD with a 59.68% stake reduced the share of the former shareholder represented by Lebanese Bank CreditBank S.A.L from 100% to 40.32%. The indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).