ArmInfo.On May 4, Armeconombank started the primary placement of regular tranches of dollar and dram nominal, coupon and non-documentary bonds with issue volumes of $ 5mln and 1.5bln drams.
This is mentioned in the prospectuses for these issues, posted on the website of the Central Bank of the Republic of Armenia, according to which it is scheduled to complete the placement on October 10, 2022. As part of the dollar tranche, 50,000 bonds with a par value of $100 will be issued. The coupon yield is set at 5.25%. As part of the dram tranche, 150,000 bonds with a par value of 10,000 drams will be issued. The coupon yield is set at 10.5%. The frequency of coupon payments for both tranches is provided once in six months, and the full repayment is scheduled for May 4, 2025.
According to the Armenia Securities Exchange (AMX), as of May 4 this year, 2 bond issues of Armeconombank are quoted at the stock exchange - one dram issue and one dollar issue in the volumes of 1.5 billion drams and $2.2 million, respectively. These tranches were released on 3 September 2020 and the full repayment is scheduled for September 3, 2023.