ArmInfo. The $ 3 million dollar issue of ARARATBANK coupon bonds (AMARBKB2KER7) has been listed on the Armenian stock exchange AMX. As noted in the official announcement of AMX, the face value of the bond is $ 25, the circulation period is 51 months, the coupon yield is 5.5%, and coupon payments are provided once a quarter. Bonds of this issue are included in the main exchange list "Abond".
<Among ARARATBANK current bonds quoted on the exchange, this is the 8th tranche, and in particular the 6th tranche. Thus, the bonds of this issue from the moment they get to the listing list provide the opportunity to make targeted trading and repo transactions>, the AMX statement said.
The head of the Department for Investment Banking Services of ARARATBANK Vachik Gevorgyan stated that the bank has already successfully placed its 20th bond issue in total. <A large number of individuals and legal entities took part in the placement, which indicates both high trust in the bank from investors and customers, as well as their strong positions in the Armenian bond market, "he said. According to the source, the cooperation of the Stock Exchange and the Central Securities Depository with ARARATBANK began in 2007. The Bank has become a link between citizens and the Depository, in particular, acting as an intermediary in the process of maintaining the register and keeping, including in the registration and protection of the right of ownership of securities. Close cooperation between ARARATBANK and the Stock Exchange is expanding every year, vivid evidence of which is the annual competition of the AMX Stock Exchange, during which ARARATBANK is awarded the main nomination <AMX Exchange Member> for two consecutive years.
Note that as of August 12, 2019, 8 issues of ARARATBANK coupon bonds are quoted on the AMX stock exchange, of which 6 are dollar issues with a total volume of $ 25 million (inclusive of the past listing tranche), and 2 - drams with a total volume of 2 billion drams. The yield on the coupon of dollar bonds decreased from 6.5% (previously placed) to 5.5% (now placed), and AMD - 9.5%. In October and December 2019, they will be redeemed for one dollar ($ 1 million) and dram tranche (1 billion drams) of ARARATBANK bonds. Redemption of the remaining 6 issues is provided for in 2021-2023. Of these 8 issues of ARARATBANK bonds, 6 are in the main Abond list, and the remaining 2 are on the Bbond list. According to the Financial Rating of the Banks of Armenia as of March 31, 2019, prepared by IC ArmInfo, ARARATBANK is in the TOP-5 with the amount of 13.3 billion drams ($ 27.4 million) in funds raised from the placement of its own bonds. In a two-year context, this indicator ARARATBANK increased by 3.5 times, and in comparison with the indicator a year ago a moderate increase of 7% was recorded. Recall that ARARATBANK OJSC has been operating since November 2005. The majority shareholders of ARARATBANK as of April 1, 2019 one of the largest oil traders in Armenia is the Flash company with a 72.33% equity stake, Barsegh Beglaryan (a well-known entrepreneur, head of the Flash) - 18.33%, Rural Impulse Fund II (part of the Belgian Incofin Investment Management - Incofin IM) - 8.58%.