Tuesday, December 13 2016 18:13
Karine Melikyan

Anelik Bank issues USD bonds amounting to $5 mln

Anelik Bank issues USD bonds amounting to $5 mln

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).

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