ArmInfo. On June 10 Ameriabank successfully placed USD 20 million debt securities with four Luxembourg-based funds via its investment manager responsAbility Investments AG, the press office of Ameriabank has told ArmInfo.
The source says that the funds making investments in emerging markets purchased this large volume of Ameriabank debt securities in view of the bank's credit rating, reputation in the international capital markets, solid financials, agile business model, exemplary for the
market corporate governance and low transactional risk.
The proceeds from security placement will be channeled into lending to small and medium-sized enterprises (SME) and financing of renewable energy and energy efficiency projects in Armenia. The financing will support further expansion and growth of SME business activities, help increase their competitiveness and create new jobs. Financing of renewable energy and energy efficiency projects will boost sustainable growth in this sector and contribute to energy
efficiency in the country.
Ameriabank highly appreciates this new cooperation with responsAbility Investments AG which will have a notable impact on the growth of the sectors and economy overall.
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia. The first investment bank in Armenia, Ameriabank has been providing a large package of innovative banking services since 2007. Now Ameriabank CJSC is a
universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. For further information, please visit www.ameriabank.am
ResponsAbility Investments AG is one of the world's leading asset managers in the field of development investments and offers professionally-managed investment solutions to both private and institutional investors. The company's investment vehicles supply debt and equity financing to non-listed firms in emerging economies and developing countries. responsAbility currently has USD 3 billion of assets under management that is invested in around 520 companies in more than 90 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Further information is available at: www.responsAbility.com