Wednesday, July 6 2016 18:38
Karine Melikyan

NASDAQ OMX ARMENIA: 11th issue of nominal coupon bonds by ARARATBANK listed and allowed to manual and REPO trading

NASDAQ OMX ARMENIA: 11th issue of nominal coupon bonds by ARARATBANK listed and allowed to manual and REPO trading

ArmInfo. Starting from July 06, 2016, nominal coupon bonds issued by "ARARATBANK" OJSC will be listed on NASDAQ OMX Armenia and included in the bonds' secondary Bbond list.  The press-service of NASDAQ OMX Armenia informs that the bonds (ISIN - AMARBKB2BER6) will be traded under ARBKB2B ticker symbol and will be allowed to manual and REPO trading as well.  

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 bank states that the issue of bonds in USD is determined by maintaining high demand by the investors. Within the current issue 40,000 undocumentary coupon bonds with nominal value of USD 25 were issued on April 20. The initial placement was held from June 6 to June 17.

David Harutyunyan, Deputy CEO of ARARATBANK, informed earlier 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 58% 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. 

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 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 AMD 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 maturity. The tenth issue was made in 2015 2 mln USD-worth, with 2 years of maturity. As of today there are 5 issues (from sixth to tenth) of ARARATBANK's bonds traded on the stock market. 

To note, according to the Financial Rating of Armenian Banks prepared by ArmInfo News Agency as of April 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.  According to latest data European Bank for Reconstruction and Development holds 25%+1 of the bank's shares, 64.24% of the shares belong to Flash petrol trader (President Barsegh Beglaryan), and 10% to Rural Impulse Fund II (part of Belgian Ickofin Investment Management- Incofin IM).

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