AraratBank acts as an underwriter of FINCA UCO CJSC bonds

ArmInfo.FINCA UCO CJSC is planning to issue and underwrite AMD denominated coupon bonds on February 10, 2022. ARARATBANK OJSC will act as an underwriter of bonds.  

The nominal value of AMD denominated bonds is AMD 10,000 with 36-month maturity period and 12% annual yield. The company will underwrite 140,000 AMD denominated bonds for a total volume of AMD 1,400,000,000.

"As a matter of fact, the coupon yield, which will be paid semi-annually, is exempt from income tax," said Anahit Shakaryan, Head of the Investment Banking Department of AraratBank.