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

On May 05, 2015 the first and the second issues of corporate bonds by "ARMSWISSBANK" CJSC 

listed at NASDAQ OMX Armenia on the secondary Bbond list, the press office of NASDAQ OMX Armenia has told ArmInfo.   

 

The Company's bonds first issue comprising of 2,000 coupon bonds with nominal value of USD 1,000, coupon rate of 7.5%, maturity period of 2 years will be traded under SWISB1 ticker symbol.

 

The Company's bonds second issue comprising of 3,000 coupon bonds with nominal value of USD 1,000, coupon rate of 8%, maturity period of 4 years will be traded under SWISB2 ticker symbol.

 

The bonds will be allowed to manual and REPO trading as well.

 

To recall, on April 16, 2015 placement of these two issues of corporate bonds by ARMSWISSBANK took place at NASDAQ OMX Armenia, while the third issue of bonds was placed at the exchange on April 

27, 2015.  

 

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 %.  

 

On April 27, the third issue of USD denominated bonds (SWISB3) by "ARMSWISSBANK" CJSC was placed at NASDAQ OMX Armenia.  The Company submitted for placement 5,000 coupon bonds with nominal value of USD 1,000, coupon yield of 8.5% and maturity period of 5 years. Purchase orders for a total of USD 5,427,000 were placed for the Company's bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 5,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 8.5%.

 

According to the Financial Rating of Armenian Banks, prepared by the Agency of Rating Marketing Information, as of 1 April 2015, Armswissbank's assets amounted to 74.3 bln AMD, total capital - 17.6 

bln AMD, general obligations - 56.6 bln AMD. The Bank's investments in securities amounted to 24.1 bln AMD. In Q1 2015, the Bank's net profit totaled 362.4 mln AMD. 

 

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.

 

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.  

 

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