Viva Armenia issues its first bonds worth $80 million, with  Ameriabank  as  underwriter

ArmInfo.  Telecommunications operator Viva Armenia has announced issuance of its first nominal, coupon paying, dollar -denominated bonds with a total face value of $80 million, with Ameriabank acting as the underwriter for these bonds. This was noted in the message of Viva Armenia CJSC, which  states that the c placement of the bonds will begin on 12 February  2025  and will be completed on June 23.

As part of this tranche, 800 thousand bonds have been issued. The   face value of each bond is $100 with an annual coupon rate of 7.65% (  with a coupon periodicity of six months). The prospectus for Viva  Armenia CJSC's bonds was registered by the Central Bank of Armenia on  January 22, 2025. As noted in the prospectus, Viva Armenia CJSC  intends to use the funds raised from the placement of these bonds to  refinance credit obligations and/or capital and other strategic  investments.

According to Viva Armenia CJSC, the company's revenues grew by 4-5%  annually from 2022 to 2024, OIBDA also showed a growth rate of 5-7%  per year, and this trend is expected to continue. The company pays  dividends on an annual basis.