1st and 2nd Issue of Foreign Currency Denominated Bonds by ARMSWISSBANK Placed at NASDAQ OMX Armenia

On April 16, 2015 placement of the first and the second issues of foreign currency denominated bonds by "ARMSWISSBANK" CJSC took place at NASDAQ OMX Armenia, the press office of NASDAQ OMX Armenia has told ArmInfo.  

 

It is worth mentioning that ARSWISSBANK issues bonds for the first time. Company submitted for placement USD 2,000,000 (1st tranche, SWISB1) and USD 3,000,000 (2nd tranche, SWISB2) nominal coupon bonds.  The first tranche of bonds included 2,000 coupon bonds (SWISB1) with coupon rate of 7.5% and maturity period of 3 years while the second tranche of bonds included 3,000 coupon bonds (SWISB2) with coupon rate of 8.0% and maturity period of 4 years. The nominal value of the bonds for both tranches is USD 1,000.  

 

Placement results for SWISB1 bonds:  

 

Purchase orders for a total of USD 2,000,000 were placed for the Company's bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 2,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 7.5 %.

 

Placement results for SWISB2 bonds:  

 

Purchase orders for a total of USD 3,010,000 were placed for the Company's bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 3,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 8.0 %.  

 

Armswissbank was established on October 7, 2004 as a closed joint stock company and on February 25, 2005 was granted banking license by the Central Bank of Armenia. The Bank's shareholders are Mr. Vardan Sirmakes, CEO, founder and 100% owner of "Frank Muller Watchland" company and BELEGGINGSMAATSCHAPPIJ JONGO B.V., owning 80% and 20% of the Bank's shares, accordingly.  Armswissbank works in two main directions: corporate and investment, using private banking techniques. 

 

According to the Financial Rating of Armenian Banks, prepared by the Agency of Rating Marketing Information, as of 1 Jan 2015, Armswissbank's assets amounted to 84.5 bln AMD, total capital - 17.9 

bln AMD, lending - 38.1 bln AMD, liabilities - 66.6 bln AMD, time deposits - 29.3 bln AMD (with the corporate time deposits prevailing over the personal ones). The Bank's investments in government bonds amounted to 28.6 bln AMD. At the yearend of 2014, the Bank's net profit totaled 2.3 bln AMD. 

 

NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, "Armenian Stock Exchange" ojsc was officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009, "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of the "Central Depository of Armenia" ojsc. 

 

Nasdaq (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq 

enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the 

creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. Nasdaq is home to more 

than 3,400 listed companies with a market value of over $8,5 trillion and more than 10,000 corporate clients.