ArmInfo. IDBank completed the initial placement of the 6th tranche of registered coupon bonds in the amount of $ 5 million issued on October 22 ahead of schedule. The yield on the coupon of bonds of this issue is 5.25%, and the circulation period is 2.3 years.
Acting Chairman of the Board, Financial Director of IDBank, Ruben Melikyan noted that after passing the listing on the NASDAQ OMX Armenia Stock Exchange and establishing a bilateral quotation, bonds of this issue will be available to investors.
"Early placement of bonds of the 6th issue of IDBank indicates a high demand for this financial instrument. Taking into account the fact that IDBank is one of the major market players, customers have high trust in the bank and its issued securities. In particular the Bank has already issued dollar and dram bonds worth $ 25 million and 1 billion drams, respectively. Meanwhile, the Bank has recently fully redeemed one bond issue," he said.
According to the source, the electronic version of the prospectus for the issuance of the 6th bond issue, its supplements and final terms are presented on the official website of the Bank.
To note, the prospectus of the issue of IDBank bonds was registered in the Central Bank of Armenia on February 23 of this year. (link: https://www.idbank.am/company/11800.pdf). The electronic version of the issue prospectus is posted on the IDBank official website - www.idbank.am. Here you can familiarize yourself with the basic terms of the release of this tranche. To recall, Anelik Bank has been operating in the market since October 1996. After the additional issue, carried out in November 2016, the composition of the Bank's shareholders changed - the entry of the Cyprus company FISTOCO LTD with a 59.68% stake reduced the share of the former shareholder represented by the Lebanese Bank CreditBank S.A.L from 100% to 40.32%. The indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).