Thursday, June 30 2016 18:58
Karina Melikyan

Following placement of stocks Unibank places nominal coupon bonds included in main Abond list with total volume of USD 5 mln and 8% annual yield

ArmInfo. Starting from June 30, 2016, nominal coupon bonds issued by "UNIBANK" OJSC will be listed on NASDAQ OMX Armenia and included in the bonds' main Abond list,  the press-service of NASDAQ OMX Armenia informs.

This issue of the Company's bonds comprises 50,000 coupon bonds with nominal value of USD 100, coupon rate of 8% and maturity period of 24 months. The bonds (ISIN - AMUNIBB21ER8) will be traded under UNIBB1 ticker symbol and will be allowed to manual and REPO trading as well.

According to the source these bonds were issued on April 8 with initial placement till June 14. The maturity date is April 8 2018. The payments are made quarterly.

To recall, common nominal stocks by "UNIBANK" OJSC are traded on NASDAQ OMX Armenia and included in the stocks' B list (ISIN - AMUNIBS10ER5) under UNIB ticker symbol. Unibank issued132,373,818 common nominal stocks in total. The total value of issue was 13,237,381,800 AMD. Since February 10, 2016 109,669,471 stocks were placed amounted to 10,966,947,100 AMD wile the rest 22,704,347 stocks with nominal value of AMD 100 were listed on June 15. Nothing is reported about the results of the issue. Meanwhile the bank offers a number of loyalty programs to the future shareholders:  special rates on deposits up to annual 8.2% for USD and up to annual 15.5% for AMD, servicing out of turn, free Visa Infinite and Priority Pass, online banking, sefe deposit box, 24-four concierge service.

Back in February the AmRating Agency analysts forecasted that Unibank would probably have to make additional issues in 2016, as its total capital amounted to 22.8 bln drams in Jan 2016. After IPO, the Bank will need about 7 bln drams to meet the Central Bank's minimum capital requirement for 2017 (30bln drams). In Q4 2015 the bank replenished registered capital by 18.7% or 2.5 bln AMD that led to increase of total capital to 22.8 bln AMD as of Jan 1 2016 from 20.4 bln a year before.  Analysts say the Bank may replenish the capital with its not big profits and through investments of the key stakeholders.

According to ArmInfo's Financial Rating of Armenian Banks, total capital of Unibank amounted to 23.2bn drams as of Apr 1 2016 (with a 9.8% year-on-year growth), assets totaled 169.7 bln drams (a y-o-y 2.1% growth), provision of crediting and other loans - 122.5 bln drams (3.2% y-o-y growth), investments in securities - 8.6 bln drams (75.5% y-o-y growth), liabilities - 146.5 bln drams (1% y-o-y growth), including time deposits-112.3 bln AMD. Unibank received 493.2 mln net profits in 2015 (a 7.4% y-o-y decline, and more than 6-fold decline for Q4 alone).  However in Q1 2016 the bank managed to raise profits 2.6-fold. As for the strategic development of Unibank in 2016-2020 it is planned to increase the share in the market of deposits to 9%, in retail business to 13% and in SME- to 9.5% as well as to increase the number of clients to 430 thousand. The bank's capital will be increased to 42 bln AMD and income will total 5 bln AMD in 2020.

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