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%.
