ArmInfo.Evocabank will start placing the next AMD and USD bonds in the amount of AMD 500 million and $ 5 million on March 23. 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 23, 2021.
Within the framework of the dram tranche (AMPROMB24ER8) 50 thousand bonds with a par value of 10 thousand drams will be issued, and the dollar tranche (AMPROMB23ER0) - 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 - 5.5%. The frequency of coupon payments for both tranches is provided once a quarter. The full redemption of these issues is scheduled for September 23, 2023. The decision on these issues was made by the Council of Evocabank on September 3, 2020, and the Bank's Board - on March 9, 2021.
Those wishing to purchase bonds of these issues can transfer funds to the corresponding accounts opened with Evocabank: for the AMD tranche - 1660043150805500, for the dollar tranche --1660043125094401.
To note, Evocabank has been operating in the financial market of Armenia since 1990. The majority shareholder of Evocabank as of January 1, 2021 is Mareta Gevorgyan with a 95.15% share in the capital, and Vazgen Gevorgyan 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. The Bank summed up the year 2020 with a net profit of $ 1.5 million. Evocabank's regulatory capital as of the reporting date amounted to 38.1 billion AMD or $ 72.8 million (with a regulatory minimum of 30 billion AMD). At the end of 2020, there were no funds attracted by the bank from the placement of its own bonds, 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 Q4.
