ArmInfo. ACBA-Credit Agricole BankMarch 1 will hold a public offering of coupon not documentarybonds in the amount of 1.3 billion drams at a yield of 9.5% per annum.
As the press service of the bank told ArmInfo, the circulation period of the bonds of this issue is set at 24 months, and the nominal value of one bond is 100 thousand drams. Coupon payments, as with the previous dram issues, are provided every six months.Those who wish to purchase bonds of this issue must be filled out and submitted to the bank an application, which is presented on the website of the Bank ACBA-Credit Agricole.
So, for individuals, the application form is available at https://www.acba.am/uploaded/bond- purchase-for- individiual.pdf, and for legal entities https://www.acba.am/uploaded/bondpurchase -for% 20legal.pdf.It should be noted that today AMX of Armenia is listed on 4x tranches of ACBA-Credit Agricole Bank, in particular, 2 drams in total 1.7 billion drams and 2 dollars in total $ 7,755 million. These bonds are on the main Abond list. The first issue - the dollar one - is dated August 18, 2017 with the listing on October 24 of the same year. In December 2017, the release of the dram tranche followed the listing on March 14, 2018. The next two issues - dram and dollar - took place on July 12, 2018 with listing on November 21 of the same year. Dollar bonds of the bank quoted on the stock exchange have a maturity of 30 and 36 months, and dram bonds - 24 months.
The yield on the coupon of dollar bonds from the first to the next issue decreased from 5.5% to 5.25%, while the dram bonds, on the contrary, increased from 9.2% to 9.5%.Recall that ACBA-Credit Agricole Bank CJSC has been operating in Armenia since 1995. Majority shareholders of the bank are: the largest European banking group Credit Agricole S.A. with a participation share in the capital of 15.56%, followed by joint-stock company SJSC "Sacam International" (a member of the Credit Agricole S.A group) - 12.44%, "ACBA Federation" CJSC - 71%.