Wednesday, June 3 2020 20:48
Karine Melikyan

Armswissbank`s bonds are bought up like hot cakes

Armswissbank`s bonds are bought up like hot cakes

ArmInfo. Armswissbank's dollar-denominated bonds, the placement of which by open subscription started on June 1, sold up to $ 10 million in full. According to the  press service of the bank, it was originally planned to complete the  placement of this tranche before July 1.

According to the source, as part of this tranche, 100 thousand  registered coupon non-documentary bonds with a face value of $ 100  each were issued. The yield on the coupon is 6% per annum, with a  periodicity of coupon payments every six months. The maturity period  of the bonds of this issue (AMSWISB2DER0) is 6 years.

It is noteworthy that just the other day - on June 1, AMD bonds of  Armswissbank with a nominal value of 10 billion drams were  successfully placed on the AMX Armenian Stock Exchange. And at  present, Eurobonds are being placed by open subscription with a  nominal volume of 5 million euros, the completion of which is  scheduled for July 1 this year.

The press service informs that from the moment of entering the  corporate bond market, Armswissbank has issued 11 tranches of bonds  (not including the above three tranches - dollar, dram and euro), of  which 7 are dollar, 2 are dram and 2 are euro, As a result of their  successful placement, 8 billion drams, $ 41 million and 13 million  euros (in dram equivalent) were attracted. Of these 11 issues, 3  (dollar) issues have already been successfully repaid.

Currently, 8 issues of Armswissbank bonds are circulating on the AMX  stock exchange - these are 2 dram, 2 euro and 4 dollar. In  particular, the total volume of drams is 8 billion drams, euro - 13  million euros 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 drams 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%.

Recall that 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 is an indirect shareholder. Chrono Star International  Participations Group Franck Muller Sarl 

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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