Friday, June 3 2016 16:38
Alina Hovhannisyan

ARARATBANK announced 11th issue of coupon USD bonds with 7% annual yield and 3 years circulation period

ARARATBANK announced 11th issue of coupon USD bonds with 7% annual  yield and 3 years circulation period

ArmInfo. ARARATBANK has placed its 11th issue of USD coupon bonds worth 1 mln USD with annual yield of 7% and circulation period of 3 years. The issue of bonds in USD is determined by maintaining high demand by the investors, David Harutyunyan, Deputy CEO of ARARATBANK, noted at today's press conference attached to this event. 

 
He explained that 40,000 undocumentary coupon bonds with nominal value of USD 25 each will be issued. Coupon payment will be done quarterly.  The market participants are also given opportunity to make REPO-deals.  Harutyunyan also informed that during 2015 130 operations in total volume of 219 mln AMD or $1 mln were conducted with ARARATBANK's bonds. In this context Deputy CEO of ARARATBANK stated that a year before the bank had 50% share in overall turnover of NASDAQ OMX Armenia stock exchange, while this year the bank's share made 2% in the first months. This testifies that ARARATBANK ensures every second issue made on the stock exchange, Harutyunyan said. 
 
He informed that the placement of the bonds is scheduled from June 6 to June 17, and the secondary placement of the bonds on NASDAQ OMX Armenia stock exchange will take place after listing. 
 
"Any individual or legal entity can purchase these bonds. Araratbank is the operator of the Central Depository of Armenia, and this allows the bank to open securities accounts for clients and make bond transactions in a few minutes," he noted. At the same time he added that individuals are usually interested in USD bonds while AMD bonds are in great demand among the legal entities. 
 
To recall, the placement of the first issue of ARARATBANK undocumentary coupon corporate bonds worth 250 mln AMD with quarterly coupon payment, annual yield of 8%, circulation period of 1 year, took place on 3 May 2007. The placement of the second issue of ARARATBANK undocumentary corporate bonds worth 400 mln AMD, with annual yield of 9%and circulation period of 1,5 years, took place from 9 till 24 June 2008. The period of redemption of the second issue expires on December 24, 2009. From July 2008 till 24 August  2009 inclusive 45 transactions worth 267 mln AMD were carried out 
with the second-issue bonds at the stock exchange. These securities are listed at Bbond by NASDAQ OMX Armenia.  The placement of the third issue was worth 250 mln USD with 10% annual yield and 1.5 years of maturity. The bank carried out the forth issue in July 2011. The 
amount totaled 250 mln with 12% yield.  In 2012 ARARATBANK was the pathbreaking one to issue currency bonds.  This was the fifth issue with the amount of 1 mln USD and 9% yield.  The sixth issue took place in 2013, the currency bonds totaled 1 mln USD with 8.5% yield 
and 3 years of maturity. The seventh issue took place in 2013 and comprised AMD bonds with the amount of 400 mln AMD, 13% yield and 3 years of maturity. The eighth issue was 1 mln USD-worth, with 8% yield and 4 years of maturity. The ninth issue was 2 mln USD-worth, with 3 years of maturity. The tenth issue was made in 2015 2 mln USD-worth, with 2 years of maturity. 
 
To note, according to the Financial Rating of Armenian Banks prepared by ArmInfo News Agency as of Aril 1, 2016 ARARATBANK's assets amounted to 130.7 bln AMD. The share of investments in securities totaled more than 14.2bln AMD or 11%.  The liabilities made up 108 
bln AMD, the total capital - 22.7bln AMD. In Q1 2016 net profit of the bank totaled 176.8 mln AMD (2.7-fold quarterly growth), ROA and ROE were 0.52% and 3.33% as of Q1 2016 end, retaining the bank's place in top 10.  European Bank for Reconstruction and Development 
holds 25%+1 of the bank's shares, 64.24% of the shares belong to Flash petrol trader, and less than 10% Rural Impulse Fund II.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000