ArmInfo. Starting from October 26 of this year, nominal coupon bonds issued by the Eurasian Development Bank (EDB) have started to be listed for the first time on the main (Abond) list of bonds at the Armenia Securities Exchange.
This is noted in the message of the Armenia Securities Exchange (AMX), which notes that after a long break, these are the first international bonds on the Armenia Securities Exchange. According to the source, the Eurasian Development Bank listed 20,000 nominal coupon bonds with a total nominal volume of approximately USD 20 million, each with a nominal value of USD 1,000, a circulation period of 36 months, and an annual interest rate of 6%. These bonds are available for direct and REPO trading. The placement of Eurasian Development Bank's nominal coupon bonds was conducted by "ArdshinBank" CJSC from August 15 to August 31, 2023. The message noted: "The listing of Eurasian Development Bank bonds on the Armenia Securities Exchange serves as a positive indicator that Armenia is considered as a favorable platform for liquidity by internationally recognized institutions like the EDB. This phenomenon may encourage other international companies to consider allocating and listing their bonds on the AMX." The Republic of Armenia has been a member of the Eurasian Development Bank since 2009. During this membership period, the EDB has implemented 24 projects in the country, totaling approximately USD 508 million. This includes six initiatives, worth USD 126 million, in agriculture, energy, and the financial sector during 2022 and 2023. The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For more than 17 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals USD 7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank's operations are guided by the UN Sustainable Development Goals and ESG principles.
According to the Financial Rating of Armenian Banks as of December 31, 2022, prepared by ArmInfo IC, Ardshinbank is the leader in the volume of funds raised from the placement of corporate bonds - over 116 billion drams (more than $295 million). Over a three-year period, this figure increased 11-fold. In the total market volume (funds raised from the placement of corporate bonds), Ardshinbank's share reached 34%.
