ArmInfo.On February 14, Ameriabank will start the primary distribution of a regular tranches of USD and AMD registered, coupon and non-documentary bonds with issue volumes of $8 million and 3 billion drams. The official website of the Central Bank of the Republic of Armenia reports.
According to the source, the process is to be completed on April 22, 2022. A total of 80,000 bonds with a nominal value of $100 each will be issued as part of the USD tranche. The coupon yield is set at 3.5%. The frequency of coupon payments is provided once a quarter. Full repayment of this tranche is scheduled for May 14, 2024.
A total of 30,000 bonds with a nominal value of 100,000 drams will be issued as part of dram tranche. 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 May 14, 2024.
Those wishing to purchase bonds of these issues can transfer funds to the respective accounts opened with Ameriabank: for the dram tranche - 1570043120372900, for the dollar tranche - 1570043100494501.
According to AMX, on the stock exchange as of February 10 this year, 21 bond issues by Ameriabank are currently listed on the stock exchange - 12 USD, eight AMD and one Euro bond issues. The total amount of USD bond issues is $102.210 mln, AMD bond issues, 34.5bln and one Euro bond issue, EUR 42mln. The repayment of dollar tranches will take place in 2022-2023: in February, June, July, October and in December 2022- six tranches; in March, May, August, October and December 2023 - six tranches. AMD tranches will be repaid in 2022-2024: four tranches in February, July and November 2022, three tranches in March, April and October 2023, and one tranche in February 2024. The repayment of the euro tranche is scheduled for November 2025. For dollar tranches, the coupon yield set at the time of issue fluctuated within 4-5.5%, for AMD tranches - in the range of 9-9.75%, and for euro tranches - 3.05%.
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%.
