ArmInfo. On May 2, Acba Bank began the public placement of the next coupon non- documentary dollar and dram bonds in the amount of $5 million and 3 billion drams.
This is noted in the Bank's message, which states that the placement is expected to be completed before August 1. As part of the dram tranche (AMACBAB2EER9), 30 thousand bonds will be issued with a nominal value of 100 thousand drams each, with a coupon yield of 9.5% per annum. As part of the dollar tranche (AMACBAB2FER6), 50 thousand bonds were issued, with a par value of $100 each, with a coupon yield of 4.5% per annum. Maturity of both dram and dollar bonds is set at 30 months. Payment of coupons within two tranches is set once every six months.
Those wishing to purchase bonds of the above issues should fill out an application and submit it to Acba Bank. Sample applications for individuals and legal entities, respectively, for the purchase of dram and dollar bonds are posted on the Bank's website under the appropriate links:
https://www.acba.am/files/banki-dramayin-part-dzerqb-hayt-fiz-andz.pdf ;
https://www.acba.am/files/banki-dolarayin-part-fiz.pdf ;
https://www.acba.am/files/banki-dramayin-part-dzerq-hayt-ir-andz.pdf;
https://www.acba.am/files/banki-dolarayin-part.pdf.
According to the Financial Rating of Armenian Banks as of January 1, 2024, prepared by ArmInfo IC, Acba Bank raised funds in the amount of 21.1 billion drams ($52.1 million) from the placement of its own bonds during the reporting year. On y-o-y terms, Acba Bank ensured an increase in this indicator by 3.4 times. Acba Bank is in the TOP-5 by the volume of funds raised from the placement of its own bonds, and it leads in terms of y-o-y growth of this indicator.
