Thursday, April 8 2021 11:30
Karine Melikyan

On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams

On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams

ArmInfo. On April 12, Ameriabank will begin the initial placement of the next tranches of dollar and AMD registered, coupon and non-documentary bonds with the issue  volumes of $ 20 million and 5 billion drams.

This is stated in the issue prospectus of this issue, posted on the website of the Central  Bank of the Republic of Armenia, according to which it is planned to  complete the placement of these two issues on June 22, 2021. As part  of the dollar tranche, 200 thousand bonds with a nominal value of  $100 will be issued. The coupon yield is set at 4.5%. The frequency  of coupon payments is provided once a quarter. The full repayment of  this tranche is scheduled for October 12, 2023.

Within the framework of the dram tranche, 50 thousand bonds with a  nominal value of 100 thousand drams will be issued. The coupon yield  is set at 9.5%. The frequency of coupon payments is provided once a  quarter. The full repayment of this tranche is also scheduled for  October 12, 2023.

Those who wish to purchase bonds of these issues can transfer funds  to the corresponding accounts opened in Ameriabank: for the dram  tranche-1570043120372900, for the dollar tranche-1570043100494501.

According to AMH, as of April 8, 20 issues of Ameriabank's bonds are  listed on the stock exchange - 13 USD and 7 AMD. The total volume of  issues of dollar issues is $111.21 million, and AMD-27.1 billion. The  repayment of dollar tranches will take place in 2021-2023: in May,  September and November 2021-four tranches; in February, June, July,  October and December 2022 - six tranches; in March and May 2023 -  three tranches. And the dram tranches will be repaid in September  2021 (one), in February, July and November 2022 (four), in March and  April 2023 (two). For dollar tranches, the coupon yield established  at the time of issue ranged from 4.25-5.5%, and for dram tranches-in  the range of 9-9. 75%. In 2021, one dram tranche (in September) and  four dollar tranches (in May, September and November) will be fully  repaid.

According to the Financial Rating of Armenian Banks as of 31.12.2020,  prepared by the IC ArmInfo, Ameriabank occupies the 2nd position in  terms of funds raised from the placement of corporate bonds - 106.9  billion drams or $204.6 million. On an annual basis, the bank  increased this indicator by 96%, and only for the fourth quarter-by  55.3%. Ameriabank accounted for about 25% of the total volume of this  indicator in the banking sector. Ameriabank is very active in the  Armenian corporate bond market, having started issuing its securities  since March 2016, and in the same year initiated the first issue on  the international market - in June, through its investment manager,  Responsibility Investments AG, successfully placed $20 million of  debt securities in 4 Luxembourg investment funds. Ameriabank has been  repeatedly recognized as the "Best Custodian account operator in the  international securities market".  Ameriabank, which has been  operating in the Armenian market since October 31, 1996, is a  universal bank that provides investment, corporate and retail banking  services in the form of a comprehensive package of banking solutions.   The bank's shareholders as of January 1, 2021 are Imast Group (TIC)  of the company (previous name-Ameria Group (Sea-Way) Limited-48.95%,  EBRD-17.76%, Asian Development Bank-13.94%, EF Holding Limited-11.83%  and Afeyan Foundations for Armenia Inc. - 7.52%.

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