Wednesday, October 16 2019 16:58

Ardshinbank launched the second phase of bonds

Ardshinbank launched the second phase of bonds

ArmInfo. ՛՛Ardshinbank՛՛ CJSC launched the second phase of nominal foreign currency coupon bonds on October 10.

 

The issue of the bonds contains 50,000 coupon bonds with a nominal value of USD 100, at the total volume of USD 5 million. The annual yield is 5.40, maturity - 27 months, which should be paid quarterly․

The placement will end on December 10, 2019. The redemption of the bonds will take place on January 10, 2022.

 

The bonds will be listed in the Stock Exchange of Armenia and quoted by the Market Maker.

 

The funds attracted by means of nominal bonds are considered to be guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia. 

 

For further information on the launch of bond issue and terms, please visit the official website of Ardshinbank at https://bit.ly/2YVdy2Q.

 

 

 

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’’.

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