Tuesday, June 2 2020 13:31
Karine Melikyan

Armswissbank successfully placed the third tranche of its AMD bonds

Armswissbank successfully placed the third tranche of its AMD bonds

ArmInfo.Armswissbank successfully placed the third tranche of its AMD registered coupon bonds. As the press service of the bank told ArmInfo, the bonds of this issue  (AMSWISB2CER2) were placed at the Stock Exchange of Armenia as a  result of which the bonds with a nominal value of AMD 9,700 bln were  fully placed, demand exceeded supply by almost 14%.

According to the source, as a result of trading, the cut-off price  was 50 thousand AMD, the cut-off yield was 9%, the weighted average  yield- 8.7790%. The total volume of submitted applications exceeded  11.171 billion AMD, and the satisfied ones - over 9.785 billion AMD.

The volume of this issue amounted to 10 billion AMD, including 300  million AMD to be purchased by the market maker. The number of bonds  of this issue is 20 thousand, each with a nominal value of 50  thousand AMD. The yield on the coupon is 9%, and the frequency of  coupon payments is once every six months.

The press service informs that from the moment of entering the  corporate bonds market, Armswissbank has issued 11 tranches of bonds  as of today, of which 7 are USD, 2 -AMD and 2 -EUR as a result of the  successful placement of which 8 billion AMD, $ 41 million and 13  million EUR (in AMD equivalent) were raised. Of these 11 issues, 3  have already been successfully repaid.

Currently, 8 issues of Armswissbank bonds are circulating on the AMX  stock exchange - these are 2 AMD, 2 EUR and 4 USD. In particular, the  total volume of AMD issue is 8 billion AMD, euro - 13 million EUR and  dollar - $ 31 million. The repayment of dollar bonds will take place  in 2024 and 2025, euro - in 2023, and dram - in 2021 and 2023.

According to the Financial Rating of the Banks of Armenia as of  December 31, 2019 prepared by ArmInfo IC, Armswissbank is in the  TOP-3 in terms of the amount of funds raised from the placement of  corporate bonds. As of the reporting date, this volume amounted to  32.5 billion AMD or $ 67.7 million, having increased by 19.6% in  2019. In the total volume of this indicator in the market, the share  of Armswissbank reaches about 18%.

To recall, Armswissbank CJSC was established on October 7, 2004. As  of April 1, 2020, HVS Holding LLC, controlled by Vartan Sirmakes and  registered in Luxembourg, holds the 85.53% stake in Armswissbank,  while the remaining 12.47% is owned by FMTM Distribution Ltd, and  Vartan Sirmakes and Chrono Star International Participations Group  Franck Muller S.a.r.l are indirect shareholder.

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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