Thursday, October 5 2017 17:28
Alina Hovhannisyan

HSBC on the 10th anniversary of cooperation provided Armenia large loan - 55 million euros for the restructuring of the debt of ESA

HSBC on the 10th anniversary of cooperation provided Armenia large loan - 55 million euros for the restructuring of the debt of  ESA

ArmInfo.  In announcing the  10th anniversary of cooperation, HSBC provided Armenia with one of  its  largest loans - 55 million euros. As explained to ArmInfo in the press  service of HSBC Bank Armenia, these funds will be used to restructure  the loan of the former shareholder of Electric Networks of Armenia  (ESA).

Chief Executive Officer of HSBC Bank Armenia Paul Edgar is optimistic  about strategic cooperation with ESA: "This transaction is based on  trust and long-term partnership, and shows our consistency aimed at  facilitating investments in the development of a stable and secure  energy system in Armenia."

For his part, ECA Director General Karen Harutyunyan noted that loan  funds are attracted without state guarantees, said: "This transaction  will play a positive role in the process of financial recovery of  ESA, and will help the company become more reliable, sustainable and  efficient."

It should be noted that "HSBC Bank Armenia" CJSC, a member of the  HSBC Bank plc group, was registered by the Central Bank on June 20,  1995. The shareholders of the bank are HSBC Europe BV with 70% equity  interest and 30% Wings Establishment. As of July 1, 2017, the bank's  assets are 215 billion drams ($ 444.7 million), of which 140 billion  drams (over $ 291 million) of loan investments.

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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