ArmInfo. Anelik Bank for the first time in its history has issued USD coupon bonds amounting to $5 mln with 6.5% annual yield and maturity period of 2 years. The press- service of the Bank has told ArmInfo that payments on interest rates will be made once in 6 months. Minimal package for acquiring contains 10 bonds with nominal value $100. According to the source both physical and legal entities can purchase bonds in any of 14 branches of the Bank.
"Like deposits, bonds are instruments for ensuring investments and a protection measure from inflation. The bonds have a number of advantages-unlike call deposits they can be sold at any time by market price", Executive Director of the Anelik Bank Nerses Karamanukyan stressed noting an important fact that bonds in Armenia are guaranteed by Deposit Guarantee Fund of Armenia.
At the end of the issue a draw will be held among holders of bonds, the winner of which will receive a trip to one of the European largest financial centers-London or Frankfurt on his/her choice. One can learn about details of the issue on the official website of the bank - www.anelik.am
To recall, Anelik Bank CJSC announced in the beginning of November that it has replenished its authorized capital by AMD 21.8 billion to 39bln drams due to placing 405.511 shares through closed subscription. As a result the bank's total capital increased to 36.7 bln drams (from previous 14.9 bln drams as of October 1). These shares were purchased by Cyprus FISTOCO LTD, the share of which in the bank's capital totals 59.68%, as a result the share of previously sole shareholder Lebanese Bank CreditBank S.A.L decreased from 100% to 40.32%. Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD) are indirect majority shareholders. The shareholders brought together a new Council of the Bank comprising experienced and senior market professionals. Vartan Dilanyan (Managing Director of "Accenture" Ltd) became the Chairman of the Council. The Board of the bank did not face any changes and is head by Nerses Karamanukyan.
To note, as of today out of 18 banks operating in Armenia (not considering Areximbank merged with Ardshinbank) the following banks have issued bonds: Araratbank (USD and AMD bonds), ArmSwissbank (USD), Prometey Bank (USD), Ardshinbank (USD), Ameriabank (USD) and Unibank (USD), as well as National Mortgage Company (USD) and Global Credit (USD).