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.
