Tuesday, October 15 2019 08:11
Alina Hovhannisyan

ID Bank redeemed its 5th tranche of USD bonds in the volume of $5mln

ID Bank redeemed its 5th tranche of USD bonds in the volume of $5mln

ArmInfo. ID Bank redeemed its 5th tranche of USD bonds in the volume of $5mln issued in October 2017.  According to the Bank's press service, the maturity period for  the bonds of this issue was set at 2 years, and the coupon yield was  5.75%.

Currently, IDBank dollar bonds issued in October 2018 and in February  2019 are circulating on the AMX Armenian Stock Exchange. The maturity  of these bonds is set at 27 months, the coupon yield is 5.25%, with a  quarterly periodicity of coupon payments. In total, IDBank issued  coupon bonds in the amount of $ 30 million and 1 billion drams from  2016.

"IDBank bonds in the primary market are usually placed ahead of  schedule and are in great demand in the secondary market, which  indicates a stable confidence in the Bank in the securities market.  This is also evidence of increased customer interest in bonds as an  investment tool," the message from the Bank says.

To recall, IDBank (until June 2018 called Anelik Bank) has been  operating in the Armenian market since October 1996. The Bank's  shareholders are: the Cypriot company FISTOCO LTD with a 59.68%  ownership interest and the Lebanese Bank CreditBank S.A.L - 40.32%.  Indirect majority shareholders are individuals: Tarek J. Khalefe  (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD). 

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