On June 16, ArmSwissbank starts public placement of two dram bonds,  each worth 7 billion drams 

ArmInfo.  ArmSwissbank plans to carry out the initial public placement of the next two issues of dram registered coupon bonds in the amount of 7 billion drams on June 16. This is noted in the Bank's statement, which indicates that the initial placement is planned to be completed by September 30 of this  year. A total of 140,000 bonds will be issued within both dram  tranches, each with a par value of 50,000 drams.

Bonds are placed:  In AMD / AMSWISB2RER0 / nominal value: AMD 50,000, with a 4-year maturity, a 10.25% coupon yield, semi-annual coupon payment frequency, and an issuance/placement volume of AMD 7 billion.  In AMD / AMSWISB2SER8 / nominal value: AMD 50,000, with a 5-year  maturity, a 10.50% coupon yield, semi-annual coupon payment  frequency, and an issuance/placement volume of AMD 7 billion.  The bonds will be placed through a public placement, by submitting the relevant application to the Bank and through the ArmSwiss Mobile platform.

After this process is completed, the said issues will be listed on  the Armenian Stock Exchange and will be quoted on the secondary market.  The bank's statement mentions that income from bonds purchased by individual investors is not subject to income tax.  The bonds will be sold as part of a public offering with the submission of relevant applications, the acceptance of which will begin on June 16 at 10:00 and end on September 30 at 16:00.

Individuals and/or legal entities wishing to invest in bonds may  participate in the public placement by sending an Application to the e-mail address [email protected] during any working day of the placement period /between 10:00-16:00/ , and paper applications are submitted to the Bank's head office. Those wishing to purchase bonds can familiarize themselves with the main terms and details presented in the Prospectuses of these issues on the bank's website  (https://www.armswissbank.am/upload/Terms_AMD_AMSWISB2RER0_16.06.25.pdf, https://www.armswissbank.am/upload/Terms_AMD_AMSWISB2SER8_16.06.25.pdf). For additional information or questions, you can call  "ARMSWISSBANK" CJSC at the following phone numbers: (+37460) 757 001, (+37411) 757 001.

This message mentions that since 2015 up to date, ArmSwissbank has placed 24 bond issues (11 in dollars, 8 in drams and 5 in euros). As a result of the placements, the Bank managed to attract funds in the amount of 48.650 billion drams, $84.140 million and 35.6 million euros. The Bank’s 13 issues have been successfully repaid.

The 11 issues currently in circulation (4 in USD, 5 in AMD and 2 in EUR) are listed on the Armenian Stock Exchange. In order to ensure the liquidity of the bonds, the Bank constantly uses the services of a market maker, wich provide two-sided quotations of bonds within the trading sessions of Armenian Stock Exchange. The Bank plans to use the services of a market maker for the bonds currently being placed.