ArmInfo. AMD, dollar and euro bonds of Armswissbank were listed on NASDAQ OMX Armenia. As the press service of the exchange told ArmInfo, these bonds entered the secondary exchange list of Bbond and are admitted to conclusion of targeted and repo deals. In the secondary market, Ameriabank and ARARATBANK will act as market-makers of these securities.
According to the source, the dram tranche of 2 billion drams consists of 40,000 bonds with a nominal value of 50,000 drams, with coupon yield of 12.75%, with a maturity of 4 years. Coupon payments are provided once every six months. Dram bonds (ISIN - AMSWISB26ER6) will be quoted under the exchange code SWISB6.The $ 10 million dollar tranche consists of 100,000 bonds, with a face value of $ 100, with a coupon yield of 6.75%, with a maturity of 7 years. Coupon payments are provided once every six months. Dollar bonds (ISIN - AMSWISB24ER1) will be quoted under the exchange code SWISB4.The Euro tranche in the amount of 10 million euros consists of 100 thousand bonds, with a nominal value of 100 euros, with a coupon yield of 5%, with a maturity of 6 years. Coupon payments are provided once every six months. Dollar bonds (ISIN - AMSWISB25ER8) will be quoted under the exchange code SWISB5.Note that on August 1, 2017, NASDAQ OMX Armenia listed six issues of Armswissbank coupon bonds, four of which are dollar, and one AMD and one euro.
The volume of the issue of dollar bonds from the first tranche (release 2015) to the last (issue 2017) increased from $ 2 million to $ 10 million, the circulation period - from 3 years to 7 years, the yield in the first three tranches increased from 7.5% to 8.5 % With the last issue decreased to 6.75%. The coupon payment for the first three tranches is quarterly, and for the subsequent three - once in a half year. All tranches are quoted on the "Bbond" stock exchange list. In total, as of August 1, 2017, NASDAQ OMX Armenia listed 39 issues of corporate bonds of 12 issuers. Of them, 26 issuing (including 17 dollars) were made by 8 issuing banks: Araratbank, Ameriabank, Armswissbank, Armbusinessbank, Anelik Bank, Unibank, Converse Bank and Black Sea Trade and Development Bank (BSTDB, AMD tranche of the 2017 issue).Recall that "Armswissbank" CJSC was established on October 7, 2004 by Vardan Sirmakes who is the founder, owner and executive director of the world famous Swiss watch factory "Franck Muller Watchland", whose representative office operates in Armenia.
Armswissbank, Armenia's leading bank for the provision of services for the issuance of securities, a market maker and depository services, is an active participant in the primary and secondary securities markets. Since 2006, the bank acts as an agent of the government in the primary market of government bonds. The holding company "HVS Holding" LLC, managed by Vardan Sirmakes and registered in Luxembourg, became the holder of 80% of Armswissbank's shareholding since March 10, 2016 and the remaining 20% - from the end of 2013 the company "BELEGINGSMACHEPIJ JONGO" LLC, registered in Holland, is controlled by Vardan Sirmakes.