Wednesday, February 19 2020 15:58

IDBanks 5 Million USD bonds are listed on the Armenian Stock Exchange

IDBanks 5 Million USD bonds are listed on the Armenian Stock Exchange

ArmInfo.Thebell of the ArmenianStock Exchange announced the listing of IDBank’s dollar bonds of 2nd issue of 2019. Thus, 4 tranche bonds issued by IDBank with a volume of 15 million USD and 250 millionAMD arecurrentlycirculatedinthesecondarymarket.

“IDBank continues to be in an active position in the bond market and offers its clients the opportunity to make profitable investments. Bank’s bonds are in high demand and are usually placed before the due date. For example, the AMD bonds issued in 2019, were sold out just days after issuance, which, of course, indicates a high level of confidence in IDBank. If we take into account the new legislative changes, the result of which will be the non-taxable income from the bonds, the latter will become more attractive, and I am confident that our further issuances will be in greater demand”, said Mher Abrahamyan, Chairman of the Management Board of IDBank.

The total volume of the listed bonds is $ 5,000,000, the nominal value is 100USD, the coupon annual yield is 5%, the coupon will be paid quarterly, the maturity is 27 months. From the moment of listing, address trading and repo transactions were permitted.

“Listing of the bonds and investing in bonds has become even more attractive and profitable due to recent developments in the capital market. Particularly the recent changes in the RA Tax Code, including the exemption of income tax and non-resident income tax from the interest rates on bonds listed on the stock exchange, and this year, the introduction of a new trading system on the stock exchange, which will give physical entities online access to the stock market, will create new prospects of development both for issuers and for investors,” said the CEO of the Armenian Stock Exchange, Hayk Yeganyan.

The Armenian Stock Exchange cooperates with IDBanksince 2009.The latter is also a Deposit Account Operator, a member of a regulated market settlement system.

About the Armenian Stock Exchange

The Armenian Stock Exchange provides a fully automated trading system and convenient trading conditions. Currently trading in stocks, corporate and government bonds, foreign exchange, credit resources, as well as REPO and SWOP transactions are carried out at the stock exchange.

About IDBank

IDBank was founded on August 1, 1990. SinceOctober 1996, IDBank has been operatingas a commercial bank. The Bank'sshareholders are FISTOCO LTD,Cypruswith 59.68% shares and Credit Bank S.A.L Bankwith 40.32% shares. Indirect majority shareholders are physical entities, Vartan Dilanyan (FISTOCO LTD) and Tarek Khalife (CreditBank S.A.L).

The Bank is constantly expanding its list of service sand improving their quality. IDBank offers its customers innovative digital solutions and continuous improvement of their branch network. The Bank's vision is to become a leading bank in the financial sector of the Republic of Armenia, providing customer sup-to-date digital solutions.

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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