Anelik Bank completely places registered coupon bonds amounting to USD 5 mln

ArmInfo. Anelik Bank has  completely placed the registered coupon bonds amounting to USD 5 mln,  issued for the first time in December 2016, the press office of the  Bank has told ArmInfo.   

The source says that the nominal value of the Bank's bonds is USD  100, annual yield - 6.5%, and maturity - 2 years. The interest will  be paid once every six months.    

"Acquisition of the bonds provided our customers with an opportunity  to make alternative investments, which ensure 6.5% annual regular  income at the same time. Given the successful outcome of the  placement, we intend to keep issuing bonds in the future," says  Nerses Karamanukyan, Chairman of the Board of Anelik Bank.     

Earlier in December 2016, Vartan Dilanyan, the new Chairman of the  Council of Anelik Bank, said that the Bank's ambitious strategic  development plan envisages introduction of new banking products and  advanced IT solutions, making customer service as convenient as  possible and offering them a wide range of competitive services.

To recall, in early November 2016 Anelik Bank CJSC announced a  successful completion of additional closed issue of 405,511 shares  and increased its authorized capital by AMD 21.8 billion to AMD 39  billion from AMD 17.2 billion as of 1 October. As a result, the  Bank's total capital increased to 36.7 bln drams (from previous 14.9  bln drams as of October 1), which exceeds the requirement (AMD 30  bln) that came into effect in Jan 2017. These shares were purchased  by FISTOCO LTD (Cyprus), whose stake in the Bank's capital made up  59.68%, with the stake of the previous sole shareholder - Lebanese  Bank CreditBank S.A.L -decreasing from 100% to 40.32%. Tarek J.  Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD) are  indirect majority shareholders. The shareholders brought together a  new Council of the Bank comprising experienced and senior market  professionals. Vartan Dilanyan (Managing Director of "Accenture" Ltd Russia)  became the Chairman of the Council. The Board of the Bank underwent  no changes and it is headed by Nerses Karamanukyan.