Ameriabank starts initial placement of another tranche of USD bonds  in amount of $10 million

ArmInfo.On September 7, Ameriabank started the initial placement of the next tranche of dollar  nominal,  coupon-non-documentary bonds with an  issue volume of $10 million.

This is noted in the issue prospectus posted on  the website of the Central Bank of Armenia, according to which the placement of this issue is scheduled to be completed on November 18, 2022. As part of this tranche, 100,000 bonds with a par  value of $100 will be issued. The coupon yield is set at 3.75%. The  frequency of coupon payments is provided once a quarter. Full  repayment of this tranche is scheduled for September 7, 2025.

To purchase bonds of this dollar tranche you can transfer funds to  the appropriate account opened with Ameriabank -1570043100494501.

The decision to release this tranche was made by the Board of  Directors of Ameriabank on February 22, 2022 and the subsequent  decision of the Bank's Directorate on August 31.

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 - 99 billion drams or $243.1 million. In  2019-2022, the bank doubled this figure. Ameriabank's share in the  total volume of this indicator in the banking sector was over 26%.  Ameriabank is very active in the Armenian corporate bond market,  having started issuing its securities since March 2016, and in the  same year, initiating the first issue on the international market -  in June through its investment manager, responsAbility Investments AG  - successfully placed $20 million in debt securities in 4 Luxembourg  investment funds.  Ameriabank has been repeatedly recognized as the  "Best Custodian - Account Operator of the Depositary System in the  International Securities Market".  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 - 48.9%), EBRD -    17.74%, Asian Development  Bank - 13.92%, ESPS Holding Limited -   11.97% and Afeyan Foundation for Armenia Inc. - 7.51%.