ArmInfo. On December 1, Ameriabank will begin the initial placement of the next tranche 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 February 10, 2023. 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 December 1, 2024.
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 followed on November 24, 2022.
It should be noted that in 2022, Ameriabank issued the previous tranches of dollar bonds on February 14, July 14 and September 7 with issue volumes of $8 million, $5 million and $10 million respectively, the coupon yield of which was set at 3.5% and 3.75% respectively. The bonds of these issues are already listed on the Armenian Stock Exchange. Full redemption of these issues will take place in 2024 (May 14) and in 2025 (July 14 and September 7).
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 - 17.3%, Asian Development Bank - 13.92%, ESPS Holding Limited - 11.97% and Afeyan Foundation for Armenia Inc. - 7.48%.
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