Armswissbank was granted market maker status on the first INECOBANK  dollar bonds- late information 

ArmInfo.Armswissbank has been granted the status of market maker on the first dollar bonds of INECOBANK. According to NASDAQ OMX Armenia, the issue volume amounted  to $ 5 million, coupon yield - 5.25%, circulation period - 3 years,  coupon payments - once every six months, with full repayment on June  11, 2021.

The issue of these bonds took place on June 11, 2018. Initial  placement ended on September 7. On September 28, the issue was listed  on the main Abond list. A total of 50,000 bonds with a nominal value  of $ 100 were issued.

According to experts, for the first time in the Armenian banking  market there was a lack of information on the issue of securities,  which cannot but cause concerns. The issue of bonds took place in  June, and information about this fact and the conditions of the  securities were made public on the stock exchange website only a few  days after the listing procedure. Even if the issue of bonds was  designed for the so- called exclusive "anchor investor", the lack of  information about the tranche on the day of entering the securities  market contradicts the principles and standards of the capital  market, does not contribute to the development of the secondary  market, and indicates insufficient procedural supervision from the  regulator in the person of the Central Bank of Armenia.