ArmInfo. On November 25, Amriabank will start the primary distribution of a regular tranche of USD registered, coupon and non-documentary bonds, with the issue amounting to $8mln, according to the prospectus available on the website of the /central Bank of Armenia (CBA).
The process is to be completed on Feb. 11, 2022. A total of 80,000 bonds with a nominal value of $100 each will be issued as part of the USD tranche (AMAMRBBM7ER0), with the coupon yield being 3.75% and coupon payments once in three months. The retirement is scheduled for Feb 25, 2024.
Those wishing to purchase the bonds can transfer funds to Account 1570043100494501 at Ameriabank.
The Ameriabank Board of Director made a decision on the tranche on February 5, 2021, with the Directorate`s decision made on November 8, 2021.
According to the AMX, 22 bond issues by Ameriabank are currently listed on the stock exchange - 13 USD, eight AMD and one Euro bond issues. The total amount of USD bond issues is $110.21mln, AMD bond issues, 34.5bln and one Euro bond issue, EUR 42mln. The retirement of the USD tranches is scheduled for 2021-2023: one tranche on November 27; six tranches next February, June, July ,October and December; six tranches in March, May, August, October and December 2023. The AMD tranches will be retired in 2022-24: four tranches next February, July and November; three in March, April and October 2023; one in July 2024. the Euro tranche will be retired in 2025. in the case of USD tranche, the coupon yield ranged between 4%-5.5%, the coupon yield of AMD tranches ranged between 9%-9.75% and that of the Euro tranche was 3.05%. One AMD tranche was retired this September, three USD tranches this May and September, with another USD tranche to be retired on November 27, 2021.
According to the ArmInfo Financial Ranking of Armenia`s Banks, Amriabank ranks 2nd in terns of funds received attracted from the placement of corporate bonds - AMD 11bln or $229mln, a 61% year-on-year increase. Ameriabank`s share in the total amount recorded by Armenia`s banking system is over 25%. The bank is rather active in Armenia`s corporate bond market, as it started issuing its securities in March 2016 and initiated the first issue in the international market - in June 2016, through its investment management company responsAbility Investments AG, the bank successfully placed its debt securities to the amount of $20mln at four investment funds in Luxemburg. Ameriabank has repeatedly been named Best Account Operator-Custodian of Depository System in Foreign Securities Market.
Ameriabank has been working in Armenia`s market since October 31, 1996, and is a universal bank delivering investment, corporate and individual banking services as a package. As of October 1, 2021, the bank`s stockholders were Imast Group (CY) Limited (previous named Ameria Group (CY) Limited - 49%), EBRD - 17.74%, Asian Development Bank - 13.93%, ESPS Holding Limited - 11.92% and Afeyan Foundation for Armenia Inc. - 7.51%.