Tuesday, June 30 2020 20:51

ArmInfo. Ardshinbank's Eurobonds trading in the amount of $ 300 million (XS2080321198), which was issued by Dilijan Finance B.V. in the international capital market in  January this year, started at the AMX Armenian Stock Exchange on June  30, the press service of AMX told ArmInfo, noting that these bonds  are quoted on the Bbond list of the Armenian Stock Exchange.

According to the source, the maturity of these bonds is 5 years, and  the coupon yield is 6.5%. The face value of bonds of this issue is $  1,000 each, and the minimum purchase lot is $ 200 thousand.   Eurobonds are rated Ba3 by Moody's and B + by Fitch.

These Eurobonds are cleared in the DTC, Euroclear and Clearstream  systems, and they are available to Armenian investors thanks to the  cooperation of the Armenian Central Depository with Clearstream  Banking Luxemburg. The organizers of the issue were Citigroup Global  Markets Limited (Citigroup) and the investment company Renaissance  Securities.

These Eurobonds are currently listed on the Armenian Stock Exchange  (AMX) and the Irish Stock Exchange (Euronext Dublin).  Those wishing  to purchase Eurobonds of this issue can contact the partner companies  of the Armenian Stock Exchange, a list of which is available under  the link:   https://amx.am/am/25/membership/26/members-market-participants

As it was previously reported, the transaction carried out by  Ardshinbank during the January 21 placement of this tranche of  Eurobonds is unprecedented for Armenia, as in the country's private  sector there was no precedent for attracting funds and securing  foreign investment through one transaction and in such volume.   During the issue of Eurobonds, demand approached $ 500 million. The  number of investors exceeded 70:  45% of investors from Switzerland,  30% from the USA, the rest from Germany, Great Britain and other  countries. This once again proves that the level of transparency,  risk profile and strategy of Ardshinbank are acceptable for  international investors and comply with accepted international  standards.

According to AMX, as of June 30, 2020, 5 tranches of Ardshinbank  bonds were quoted on the Armenian Stock Exchange - five USD tranches  in the total amount of $ 29 million and one AMD tranche in the amount  of 1.5 billion drams.

To recall, Ardshinbank is the first private company in Armenia to  issue Eurobonds on international capital markets. The first issue in  the amount of $ 75 million was carried out in 2014. The second - in  the amount of $ 100 million was held in June 2015.  It should be  noted that Ardshinbank is one of the leading banks in Armenia with a  wide network of branches and modern mobile banking capabilities. The  Bank has a rating of international rating agencies Moody's and Fitch,  which corresponds to the rating level of the Republic of Armenia. At  different times, various professional magazines and analysts  recognized the bank as the best bank in Armenia, the bank of the year  and the most reliable bank.