Tuesday, June 30 2020 20:51
Karina Melikyan

Ardshinbank`s 300 mln USD Eurobonds trades kicked off at the Armenian  Stock Exchange

Ardshinbank`s 300 mln USD Eurobonds trades kicked off at the Armenian  Stock Exchange

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.

POST A COMMENT
Input digits     


News
Armenia Deputy PM, World Bank discuss potential for enhancing  cooperationArmenia Deputy PM, World Bank discuss potential for enhancing  cooperation
Armenia`s industrial sector still experiencing double-digit growthArmenia`s industrial sector still experiencing double-digit growth
In January-August, electricity production in Armenia increased by  2.4%In January-August, electricity production in Armenia increased by  2.4%
Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024Concept paper outlining creation of AI ecosystem global network to be  presented at  WCIT2024
WCIT2024 officially launched with a focus on Artificial IntelligenceWCIT2024 officially launched with a focus on Artificial Intelligence
Ardshinbank started making international money transfers via UBPay systemArdshinbank started making international money transfers via UBPay system
Ameriabank - fintech partner of DigiTec2024Ameriabank - fintech partner of DigiTec2024
AraratBank Expands International Transfer Options with Golden Money SystemAraratBank Expands International Transfer Options with Golden Money System
10% idcoin with IDBank Mastercard cards10% idcoin with IDBank Mastercard cards
Armenia expects participation of French companies in implementation  of nuclear and renewable energy projects - PashinyanArmenia expects participation of French companies in implementation  of nuclear and renewable energy projects - Pashinyan
12.5% y/y increase in state budget revenues of Armenia in Jan-Sep  202412.5% y/y increase in state budget revenues of Armenia in Jan-Sep  2024
DigiTec2024 officially launched, with over 200 companies presenting  their innovative solutionsDigiTec2024 officially launched, with over 200 companies presenting  their innovative solutions
ACE interested in cooperating with Armenia in wine-makingACE interested in cooperating with Armenia in wine-making
Annual inflation in Armenia in September amounted to 0.6%Annual inflation in Armenia in September amounted to 0.6%
Armenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  MessiArmenian startups will have the opportunity to receive investments  from the foundation of the legendary Argentine footballer Lionel  Messi
More and more young people in Armenia dreaming of becoming nuclear  engineers More and more young people in Armenia dreaming of becoming nuclear  engineers 
Armenia improves its position in Global Innovation Index -2024Armenia improves its position in Global Innovation Index -2024
Ameriabank’s Special Offer for New Mastercard Holders.  1% Cashback and Lots of GiftsAmeriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts
Double-digit growth of import prices observed in Armenia`s foreign  tradeDouble-digit growth of import prices observed in Armenia`s foreign  trade
532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024532.5mln transactions worth a total of AMD 9,782.7bln  effected in  Armenia in Jan-Sept 2024
We are conservative in making forecasts - ADB We are conservative in making forecasts - ADB 
Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies Armenia takes over chairmanship of coordinating council of CIS  financial supervision bodies 
Bakhytjan Sagintayev: Since the formation of the EAEU, the Union`s  foreign trade grown by 60%Bakhytjan Sagintayev: Since the formation of the EAEU, the Union`s  foreign trade grown by 60%
Cryptocurrency actively and uncontrollably cashed in ArmeniaCryptocurrency actively and uncontrollably cashed in Armenia
Armenia`s first regional landfill to be completed in HrazdanArmenia`s first regional landfill to be completed in Hrazdan
Mohammad Reza Aref: Iran is ready to play a more serious role in the  EAEUMohammad Reza Aref: Iran is ready to play a more serious role in the  EAEU
Mishustin: It is important to create single transport space, develop  international logistics corridors and establish appropriate  infrastructureMishustin: It is important to create single transport space, develop  international logistics corridors and establish appropriate  infrastructure
EEC to sign joint action plan with Uzbekistan for 2024-2026EEC to sign joint action plan with Uzbekistan for 2024-2026
RA government proposes granting new functions to Military-Industrial  CommitteeRA government proposes granting new functions to Military-Industrial  Committee
Next year `super-ambitious` for Armenia - expertNext year `super-ambitious` for Armenia - expert
EEC head presents Digital Union concept EEC head presents Digital Union concept 
EDB managing director on bank`s role in improved connectivity of  Eurasian nations EDB managing director on bank`s role in improved connectivity of  Eurasian nations 
Concept of trusted data storage central place in philosophy of  Armenia`s digital transformation - premier Concept of trusted data storage central place in philosophy of  Armenia`s digital transformation - premier 
EEC minister, heads of statistical services discuss cooperation EEC minister, heads of statistical services discuss cooperation 
Armenia-Georgia high-voltage line to be ready for operation in four  years - official Armenia-Georgia high-voltage line to be ready for operation in four  years - official 
Armenia could generate more energy for export - official Armenia could generate more energy for export - official 
Idram Junior and Koreez Summarize the Results of the Junius Financial Education CompetitionIdram Junior and Koreez Summarize the Results of the Junius Financial Education Competition
Vardan Janyan: We entering the second copper-bronze ageVardan Janyan: We entering the second copper-bronze age
Vardan Janyan: Despite its significant contribution to economic  development and tax base, Armenia`s mining industry stagnating since  2014-2015Vardan Janyan: Despite its significant contribution to economic  development and tax base, Armenia`s mining industry stagnating since  2014-2015
ZMMK CEO: Transition metals are new gas and oil for countries like  ArmeniaZMMK CEO: Transition metals are new gas and oil for countries like  Armenia
Armenia`s international reserves decreased by 14.6% annually by  September 2024, falling to $3.605 billionArmenia`s international reserves decreased by 14.6% annually by  September 2024, falling to $3.605 billion
The American Competitiveness Exchange (ACE Armenia) program launched  in ArmeniaThe American Competitiveness Exchange (ACE Armenia) program launched  in Armenia
Armenia`s defense budget to be increased 20% next year Armenia`s defense budget to be increased 20% next year 
Iran eases entry of vehicles from Armenia Iran eases entry of vehicles from Armenia 
90% of mutual trade within EAEU in national currencies - Bakhyt  Sultanov90% of mutual trade within EAEU in national currencies - Bakhyt  Sultanov
EEC hopes for formation of common exchange market by 2030EEC hopes for formation of common exchange market by 2030
7.3% increase in Armenia`s agricultural trade with EAEU member-states 7.3% increase in Armenia`s agricultural trade with EAEU member-states 
EAEU ministers of agriculture to meet in Yerevan EAEU ministers of agriculture to meet in Yerevan 
Armenian-Iranian substation Noravan to be completely equipped next yearArmenian-Iranian substation Noravan to be completely equipped next year
USD, EUR transactions up, RUB ones down in in Armenia`s interbank foreign exchange market Sept 23 to 27USD, EUR transactions up, RUB ones down in in Armenia`s interbank foreign exchange market Sept 23 to 27
Tourism development with support of WB discussed in YerevanTourism development with support of WB discussed in Yerevan
The Komitas Museum-Institute, with the support of the MESCS of the Republic of Armenia and Ardshinbank, opened the exhibition The Komitas Museum-Institute, with the support of the MESCS of the Republic of Armenia and Ardshinbank, opened the exhibition "Paris Meetings".
SRC: as of September 27, balance of preferential import of electric vehicles into the territory  of Armenia is 454 unitsSRC: as of September 27, balance of preferential import of electric vehicles into the territory  of Armenia is 454 units
IMF mission head appreciates Armenian authorities` efforts to reduce  cash turnover of financial resourcesIMF mission head appreciates Armenian authorities` efforts to reduce cash turnover of financial resources
Capital development discussed with Amundi-ACBACapital development discussed with Amundi-ACBA
AMD 17.2bln shadow turnover exposed in three months
700-space parking lot for heavy-duty vehicles to be built at Upper  Lars checkpoint 700-space parking lot for heavy-duty vehicles to be built at Upper Lars checkpoint
Conference Conference "10 years of the EAEU" to be held in Yerevan
Experience comfortable traveling with IDBank premium cardsExperience comfortable traveling with IDBank premium cards
In 2024 and in the medium term, economic growth to be driven  primarily by growth of services sector - Draft budget of the Republic  of Armenia for 2025In 2024 and in the medium term, economic growth to be driven  primarily by growth of services sector - Draft budget of the Republic  of Armenia for 2025
Read more
Exchange rates
07.10.2024
RUB4.02-0.05
USD386.93-0.06
EUR424.27-2.58
GBP505.41-4.14
CAD284.74-0.80
JPY26.03-0.39
CNY55.13-0.01
CHF451.34-3.03