ArmInfo. Evocabank will start placing AMD and USD bonds in the amount of 500 million AMD and $ 5 million on March 2. This is indicated in the issue prospectuses of these issues posted on the website of the Central Bank of Armenia, according to which the placement is planned to be completed on June 2, 2021.
Within the framework of the dram tranche (AMPROMB22ER2), 50 thousand bonds with a par value of 10 thousand drams will be issued, and the dollar tranche (AMPROMB21ER4) - 50 thousand bonds with a par value of $ 100. The coupon yield on the AMD bonds is set at 10%, and on the dollar bonds at 5.5%. The periodicity of coupon payments for both tranches is provided once a quarter. Full redemption of these issues is scheduled for September 2, 2023. The decision on this issue was made by the Evocabank Council on September 3, 2020, and the Bank's Board - on February 8, 2021.
Those wishing to purchase bonds of these issues can transfer funds to the corresponding accounts opened with Evocabank: for the dram tranche - 1660043150805500, for the dollar tranche --1660043125094401.
Note that Evocabank has been operating in the Armenian financial market since 1990. As of January 1, 2021, the majority shareholder of Evocabank is Mareta Gevorkyan with a 95.15% share in the capital, and Vazgen Gevorkyan is the indirect owner.
According to the Financial Rating of Banks of Armenia as of December 31, 2020, prepared by ArmInfo IC, Evocabank increased its assets in 2020 by 22% - up to $ 385.4 million, total capital - by 14.4% - up to $ 64.8 million. $ 1.5 million. Evocabank's regulatory capital as of the reporting date amounted to 38.1 billion drams or $ 72.8 million (with the regulatory minimum of 30 billion AMD). At the end of 2020, funds attracted by the bank from the placement of its own bonds did not appear, against 2.3 billion drams ($ 4.7 million) as of October 1, 2020. And at the end of 2019, the bank attracted 5.4 billion drams ($ 11.2 million) from the placement of its own bonds, with an increase of 12% in the IV quarter.
