ArmInfo. ARARATBANK will start placement of 13th issue of its own USD coupon bonds amounted to $1 mln. The press-service of the bank has told ArmInfo that within the issue 40000 bonds have been issued with nominal value of $25 each with 6.5% annual yield and 3 years of maturity period. The end of placement is scheduled for October 28. Coupon payments are to be made once in quarter.
Both physical and legal entities that wish to purchase ARARATBANK's bonds may apply to the head office of the bank or to any other branch.
According to the source, bonds will be listed on NasdaqOMX Armenia and will be allowed to manual and REPO trading.
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 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 9th issue was 2 mln USD worth, with 3 years of maturity and 7.25% yield. The 10th issue of the Company's corporate bonds comprises 80,000 coupon bonds with nominal value of USD 25, coupon rate of 7.0% and maturity period of 24 months. The 11th issue (2016) was 1 million USD worth, with annual yield of 7% and 3 years of maturity. The 12th issue of the ARARATBANK bonds comprises 40,000 coupon bonds with nominal value of AMD 10,000, coupon rate of 13.0% and maturity period of 24 months. Currently, 5 issues of ARARATBANK corporate bonds denominated in USD (ARBKB8-$1mln, ARBKB9-$2mln, ARBKB2A-$2mln, ARBKB2B-$1 mln and ARBKB2C-400 mln AMD) are traded on stock market.
According to the Financial Rating of Armenian Banks prepared by ArmInfo News Agency as of July 1, 2016 ARARATBANK's assets amounted to 135.7 bln AMD. The share of investments in securities totaled 16.8bln AMD or 12% of total assets. The net profit of the bank totaled 326.3 mln AMD for the first half of 2016. 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 10% to RURAL IMPULSE FUND II. (the exchange rate for June 30 2016 was 476.68AMD/1USD).