Friday, December 22 2017 13:09
Karine Melikyan

ACBA-Credit Agricole Bank started public placement of AMD 1 billion bonds

ACBA-Credit Agricole Bank started public placement of AMD 1 billion  bonds

ArmInfo. ACBA-Credit Agricole  Bank started public offering of non-documentary coupon AMD 1 billion  bonds on December 21. As the press service of the Bank told ArmInfo,  the yield was set at 9.2%, circulation period - 30 months, face value  of the bond - 100 thousand drams.

According to the source, the minimum package offered to the investor  for the purchase consists of 5 bonds, and the maximum - out of 2,000  bonds. The primary placement of this issue will be completed no later  than February 21, 2018.

According to the RA Law on Guaranteeing Individual Deposits, raised  funds from registered coupon bonds are considered guaranteed bank  deposits and are guaranteed by the Deposit Guarantee Fund of Armenia.  Investors wishing to purchase these bonds fill out and submit to the  ACBA-Credit Agricole Bank the relevant application. 

For individuals, the application form is placed under the link  https://www.acba.am/uploaded/Banki-AMD-partatomseri-dzerkberman-hayt_fiz-andz.pdf, for legal entities - 

https://www.acba.am/uploaded/ Banki-AMD-partatomseri-dzerkberman-hayt_iravandz.pdf, and the issue prospectus of this issue is  available on the link - https://www.acba.am/uploaded/Partatomseri-  Azdagir_AMD.pdf

This is the second issue of ACBA-Credit Agricole's  own bonds after the $ 5 million dollar tranche, which was issued on  August 18, with a yield of 5.5% and a maturity of 3 years. The dollar  issue contains 50 thousand bonds with a face value of $ 100. Coupon  payments are provided once every six months. The initial placement of  dollar bonds of ACBA-Credit Agricole Bank was completed before the  deadline and already on October 24 this year. this issue was listed  on the NasdaqOMX Armenia exchange with inclusion in the main list of  Abond.

It should be reminded that "ACBA-Credit Agricole Bank" CJSC has been  operating in Armenia since 1995. The majority shareholders of the  bank are: the largest European banking group Credit Agricole S.A.  with a 15.56% interest in the capital, after which SJSC "Sacam  International" (a member of Credit Agricole S.A) - 12.44% followed by  the size of participation, "ACBA Federation" CJSC - 71%. The bank is  among the leaders in coverage of the branch network and in the number  of regional branches.  The bank traditionally leads the way in  agriculture, but at the same time it actively finances other sectors  of the economy, being the leaders and retail lending.

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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