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.