Acba Bank starts public placement of coupon non-documentary AMD bonds  to amount of AMD5bln 

ArmInfo. Acba Bank has started the public placement of the next coupon non-documentary dram bonds in  the amount of 5 billion drams with an annual coupon yield of 10.5%. This is noted in the Bank's message, which states that the placement started on November 11 and is scheduled to be completed on December 2. 

Within the framework of the dram tranche (AMACBAB2IER0), 50 thousand  bonds were issued, with a nominal value of 100 thousand drams each.  The circulation period of the dram bonds of this issue is set at 60  months. Coupon payments within this tranche are envisaged once every  six months. Those wishing to purchase bonds of the above-mentioned  issue must fill out an application and submit it to Acba Bank.   Samples of applications for individuals and legal entities to  purchase dram bonds are posted on the Bank's website under the  corresponding links:

https://www.acba.am/files/dramayin-fiz-bonds.pdf ;

https://www.acba.am/files/dramayin-irav-bonds.pdf .

A month earlier, on October 21, 2024, Acba Bank began a public  placement of the next coupon non- documentary dollar and dram bonds  in the amount of $15 million and 5 billion drams. But then the annual  yield on the coupon of dram bonds was set at 11%, and dollar bonds -  at 6%. And the initial placement of these bonds was also planned to  be completed on December 2 of this year.

According to the Financial Rating of Armenian Banks as of October 1,  2024, prepared by ArmInfo Investment Company, Acba Bank attracted  funds in the amount of over 24 billion drams ($62 million) from the  placement of its own bonds. In a two-year breakdown, Acba Bank  ensured a 7.3-fold increase in this indicator. In terms of the volume  of funds attracted from the placement of its own bonds, Acba Bank is  in the TOP-5.