Thursday, September 3 2020 14:06

ArmInfo.On September 8, Ameriabank will start the primary placement of the next tranche of registered coupon non-documentary dollar bonds in the amount of $ 5  million.

According to the source, within the framework of this issue, 50,000  bonds will be issued at a par value of $ 100 each. The coupon yield  is set at 4.25% with coupon payments on a quarterly basis. The bonds  of this issue have a circulation period of 27 months and the maturity  date expires on December 8, 2022.  The prospectus notes that the  decision to issue this tranche was made by the Board of Directors of  Ameriabank on February 24, 2020, and later - on August 31, followed  by the decision of the Bank's Directorate.

Note that this year Ameriabank has already managed to issue 4  tranches of bonds - 2 drams (in April and May) in the total volume of  9.1 billion drams and 2 dollars (in April and July) in the total  volume of $ 15 million.

According to AMX, on the stock exchange as of September 3 of this  year. 16 issues of Ameriabank bonds are quoted - 11 USD and 5 AMD.  The total volume of the dollar issues is $ 95.710 million, and the  dram - 17.1 billion drams. The repayment of dollar tranches will take  place in 2020-2023: in December 2020 - one tranche; in May, September  and November 2021 - four tranches; in February, June, July and  October 2022 - five tarshes; and in May 2023 - one tranche. And AMD  tranches will be repaid in September 2021 (one), in February, July  and November 2022 (four).

According to the Financial Rating of Banks of Armenia as of December  31, 2019, prepared by ArmInfo IC, Ameriabank is the leader in terms  of the volume of funds raised from the placement of corporate bonds -  54.6 billion drams or $ 113.8 million. In a three-year breakdown, the  bank has tripled this indicator.  Ameriabank accounted for about 30%  of the total volume of this indicator in the banking sector. By July  1, 2020, the volume of funds attracted by Ameriabank from the  placement of corporate bonds reached 64 billion drams ($ 132.5  million), ensuring growth in the first half of the year by 17.1%, and  only in the second quarter - by 13%. Ameriabank is very active in the  corporate bond market of Armenia, having started issuing its  securities in March 2016, and in the same year initiated the first  issue on the international market - in June through its investment  manager - responsAbility Investments AG - successfully placed $ 20  million in debt securities 4 Luxembourg investment funds. Ameriabank  has been repeatedly recognized as "The Best Operator-Custodian of the  Depository System Account in the International Securities Market".   To remind, Ameriabank, operating in the Armenian market since October  31, 1996, is a universal bank providing investment, corporate and  retail banking services in the form of a comprehensive package of  banking solutions. The bank's shareholders as of July 1, 2020 are  Imast Group (CY) Limited (previous name - Ameria Group (C-Wye)  Limited) - 48.95%, EBRD - 17.76%, Asian Development Bank - 13.94%,  ESPS Holding Limited - 11.83% and Afeyan Foundation for Armenia Inc.  - 7.52%.