ArmInfo.On July 1, ID Bank fully redeemed the 4th dollar tranche of coupon bonds in the amount of $ 5 million. As the Bank's press service told ArmInfo, the corresponding payments (including coupon payments) to legal entities and individuals were made by bank transfer.
The bank's message states that the 4th tranche was released on June 29, 2017, with the completion of the initial placement on September 11, and the start of quotations on the stock exchange on September 23 of the same year. The maturity period of the bonds of this issue was set at 2 years, and the coupon yield was 5.75%. The frequency of coupon payments on bonds of this tranche was provided for once every six months. As part of this tranche, 50,000 registered coupon bonds were issued, with a nominal value of $ 100.
After the 4th tranche, the Bank carried out three more issues of its own bonds, which were dollar- denominated.
"IDBank will continue to maintain its leading position in the market and will offer customers new tranches of bonds," the message said.
Note that the first tranche of bonds (dollar) ID Bank first released in its history in December 2016. In total, from this point to this day, the Bank has made 7 bond issues, of which only one tranche was dram (with the issue volume of 1 billion drams). As of July 1, 2019, on the Armenian stock exchange AMX, 3 tranches of ID Bank bonds are listed and all of them are dollar (each issue is $ 5 million). The yield on the dollar ID Bank bonds, starting from the first issue (already redeemed) to those currently quoted on the stock exchange, decreased from 6.5% to 5, 25-5.75%. Among the three tranches of ID Bank bonds currently quoted on the stock exchange, there is also an issue dated February 20, 2019, the initial placement of which ended on March 14 - ahead of schedule, and since March 29 they have been quoted on the AMX exchange - on the main site of Abond, like previous issues.
According to the Financial Rating of Banks of Armenia as of April 1, 2019, prepared by ArmInfo Investment Company, ID Bank, since the first issue of its own bonds (December 2016) to March 2019 (including later tranches), managed to increase the amount of funds raised from their placement 4 times - up to 9.9 billion drams ($ 20.3 million).
Recall that IDBank (until June 2018, called Anelik Bank) has been operating in the Armenian market since October 1996. The Bank's shareholders are the Cyprus-based company FISTOCO LTD with a share of 59.68% and the Lebanese Bank CreditBank S.A.L - 40.32%. The indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).