Wednesday, August 16 2017 16:29
Alina Hovhannisyan

ACBA-Credit Agricole Bank to enter Armenian corporate bonds market on August 18

ACBA-Credit Agricole Bank to enter Armenian corporate bonds market on August 18

ArmInfo. ACBA-Credit Agricole Bank on August 18 will publicly place its dollar-denominated coupon three-year bonds in the amount of $ 5 million with an annual yield of 5.5%. ArmInfo was told in the press service of the Bank that this issue contains 50,000 bonds with a face value of $ 100. Coupon payments are provided once every six months.

According to the source, the completion of the primary placement, on the prospectus of this issue, is scheduled for November 18, 2017. One investor can purchase a minimum package of 5 bonds, or a maximum of 10 thousand bonds.

"This is the first issue of the Bank's bonds, but the issue of bonds will continue in the future. Thus, we want to contribute to the development of the Armenian capital market. For our clients, the bonds will become an alternative instrument of investments and savings, and the bank intends to use the funds raised from the placement to finance the real sector of the economy of Armenia," said Deputy Chief Executive Officer of the Bank for the financial bloc Stepa Zakinyan.

Applications for the purchase of bonds for individuals and legal entities are available on the website at the following links: https://www.acba.am/uploaded/Banki-partatomseri-dzerkberman-hayt_fiz-andz.pdf

https://www.acba.am/uploaded /Banki-partatomseri-dzerkberman-hayt_irav-andz.pdf

With the prospectus for the issue of these bonds, you can find the following link: https://www.acba.am/uploaded/Partatomseri-azdagir.pdf

According to the RA law on guaranteeing deposits of individuals, the funds raised from registered coupon bonds are considered guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia.

To note, on NASDAQ OMX Armenia as of June 2017 32 issues of corporate bonds of 11 issuers are quoted. Of these, 20 issuing (including 16 dollar) were made by 7 issuing banks: Araratbank, Ameriabank, Armswissbank, Armbusinessbank, Anelik Bank, Unibank and Converse Bank.

To remind, "ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. Since September 2006, the largest European banking group Credit Agricole SA has been the majority shareholder of the bank.  With a 15.56% equity interest, followed by the participation of SJSC Sacam International (a member of the Credit Agricole SA group) in the amount of 12.44%, along with which there are 10 regional Unions of Villagers Mutual Assistance).

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000