Wednesday, August 28 2019 15:55

ArmInfo. The dram and dollar tranches of Ardshinbank bonds, with issue volumes of 1.5 billion drams and $ 10 million respectively, were listed on the Armenian  Stock Exchange on August 28. ArmInfo was informed about this in the  press service of the bank.

The dram issue (AMASHBB23ER7) includes 150,000 registered  non-documentary coupon bonds with a nominal value of 10 thousand  drams, with a maturity of 36 months, with a coupon yield of 10.5%.  The bonds are quoted under the exchange code ASHBB3.

The dollar issue includes 100 thousand registered non-documentary  coupon bonds, each with a nominal value of $ 100. The maturity period  of dollar bonds of this issue is 27 months, and the yield on the  coupon is 5.5% per annum. The dollar issue (AMASHBB22ER9) will be  quoted under the exchange code ASHBB2.   To note, Ardshinbank is the first private company in Armenia that   issued Eurobonds in international capital markets. The placement of   the first issue took place on December 9, 2014, the volume of the  issue was $ 75 million, the coupon yield was 12% with quarterly   payment periods, the yield of the primary placement was 12%. Bonds of   this issue have already been redeemed - expired on December 9, 2017.   This issue was quoted on the Vienna Stock Exchange, and clearing was   carried out in the Euroclear and Clearstream systems. It was the   first transaction of a private Armenian company in the international  financial markets after the debut release of state Eurobonds in   Armenia in 2013. The successful debut on the Vienna Stock Exchange   inspired Ardshinbank to launch a second, more extensive launch of its   bonds on the Irish stock exchange. The second issue, implemented in   June 2015, turned out to be larger than the first. This time, the   issue volume was $ 100 million, public offering, coupon yield - 12%   with a semi- annual payment period. The nominal value of the bond is  $  100 thousand. The maturity date for the bonds of the second issue   expires on July 29, 2020. The general manager of the second bond   issue of Ardshinbank, like the first, is the investment bank JP   Morgan.

According to the Financial Rating of Banks of Armenia, as of January   1, 2019, prepared by ArmInfo, the volume of funds raised by   Ardshinbank from placing its own bonds amounted to 41.2 billion drams   ($ 85.1 million) or 21% in the total market volume. Ardshinbank on   this indicator at the reporting date is included in the TOP-3, giving   up the championship held until 2018, but entrenched in the 2nd   position.

To recall, Ardshinbank is one of the leaders in all key financial   indicators of the RA banking system. It is the only private entity in   Armenia that has issued euro bonds in international capital markets.   Ardshinbank has assigned ratings from two international major rating   agencies (Moody's and Fitch) equal to the rating of sovereign. The   Banker, a publication owned by the Financial Times Group, named  Ardshinbank as "Bank of the Year in Armenia for 2018''.