ArmInfo. A few days earlier, it became known that one of the leading telecommunications companies in Armenia, Team Telecom Armenia (Telecom Armenia OJSC), has issued Sustainability -Linked Bonds (OSUR - Sustainability-Linked Bonds). In connection with such an unprecedented event in the capital market of Armenia, a ceremonial event was held in Yerevan in the Dvin hotel complex attended by representatives of the public, private and banking sectors. During the event the company presented its achievements in recent years and its plans for business expansion.
In an interview with journalists, Team Telecom Armenia CEO Hayk Yesayan noted that the decision to issue bonds related to sustainable development was because of the positive dynamics of the company's activity over the past 4 years. "As a result, we have decided to create opportunities for both us and investors to accelerate the pace of development and give a chance to make exceptional investments in the telecom sector," he said. The issue of OSUR, according to the head of the company, will provide an opportunity to modernize the mobile network and 4G in the next 2-3 years, move on to the construction of 5G, ensure the long-term development of fixed-line communications, etc. According to the company's report, the first series of US dollar bonds have a nominal volume of $45 million, with a nominal value of USD 11 per bond, a coupon interest of 7,95 %, and a circulation period of 60 months. The second series of US dollar bonds has a nominal value of 20 million dollars, with a nominal value of USD 100 per bond, a coupon interest rate of 7,85%, and a circular period of 48 months.
, - Yesayan said. Noting that this is an unprecedented volume of emission in the real sector, he thanked the company's shareholders who are already purchasing these bonds, as well as other anchor investors, including the Asian Development Bank (ADB).
By entering the OSUR market, according to Yesayan, the company attracts funds not only to expand the next-generation network, but also forms an obligation in the country - a responsible attitude to the environment, thereby creating an eco-conscious business environment. The event was also attended by the Chairman of the Central Bank of Armenia, Martyn Galstyan, who welcomed this initiative. He emphasized that this is another step taken by Team Telecom Armenia towards developing the capital market. He recalled that the company went public last year and noted that by issuing a large volume of bonds, the company is expanding the availability of financial instruments for a wide range of investors, both individuals and legal entities. The head of the Central Bank also emphasized that with this step, Team Telecom Armenia is introducing a new culture to the country's capital market. RA Minister of Economy Gevorg Papoyan, emphasized in an interview with journalists that the development of the capital market is of primary importance for the department. He noted that the ministry is working in three directions in this regard. Papoyan said. He also mentioned a state support program for companies interested in entering the capital market. The minister then named the joint program with the European Bank for Reconstruction and Development (EBRD), that was launched the day before. Papoyan said.
It should be noted that Ameriabank is the underwriter of these bonds. Bonds acquisition is available through the MyInvest platform in the MyAmeria application (https://account.myameria.am/), or by visiting any branch of Ameriabank and filling out an application-order, or by sending a completed application-order form to Ameriabank's email address [email protected] . The procedure for purchasing bonds, the electronic version of the prospectus and announcements of the public placement of bonds can be found at the following link: https://www.telecomarmenia.am/hy/team-telecom-bonds .
As a result of the implementation of an environmental and social management system aligned with international standards over the past two years, Team Telecom Armenia has significantly reduced the environmental impact of its operations. Today, 22% of the company's fleet has already been replaced by electric vehicles. Team Telecom Armenia also intends to reduce paper usage, thereby moving to digital service. In addition, the company is committed to reducing its GHG emissions by 40% by 2029. Details in the video at the link https://www.youtube.com/watch?v=P9-6cUtdbJU . -0-
Telecom Armenia OJSC (brand name: Team Telecom Armenia) is an Armenian company that holds a leading position in the country's telecommunications and information technology sectors. Being the successor of the first telecom network in Armenia, the company has more than 100 years of experience in providing services in the field. Team provides mobile and fixed internet, digital television, mobile and fixed telephony services to both individual and corporate subscribers. Team Telecom Armenia's goal is to provide high-quality telecommunications services to all residents of Armenia. To achieve this, the company is constantly modernizing and re-equipping cellular and fixed networks, launching new international communication lines, which also increase the level of reliability and security of the Internet in Armenia.
