IDBank issues another tranche of dollar bonds

Տնտեսություն 20 Օգոստոս, 2021 19:35

On August 20 of this year, IDBank, through a public offer, issued another tranche of nominal
coupon bonds under the abbreviation AMANLBB2DER5.
The total amount of the nominal coupon bonds of the second issue of 2021 is USD 5 million.
The bonds have a circulation period of 27 months, the annual interest rate is 4%, and the bonds will be paid quarterly. The bonds will be placed from August 20, 2021 to November 12, 2021 inclusive.
After the placement, the bonds will be listed in the "Armenian Stock Exchange" OJSC. The bonds will be quoted through the Marketmaker. According to the results of 2020, IDBank was recognized as the leader of the Armenian banking system in terms of the growth of funds on demand (in percentage terms). This is the conclusion reached by the consulting firm RUMELS Management Solutions in a December 2020 study. So, compared to 2019, IDBank’s on-demand funds increased by 79%.
According to Arman Asatryan, Financial Director of IDBank, this result testifies to the great
confidence of clients in the Bank. “The second issue of 2021 was expected by clients, and the
interest of clients in the issued bonds of the Bank and high demand make us not only improve the mechanisms for investing in the Bank, but also provide our clients with the opportunity to manage their funds even more flexibly and conveniently”, noted Arman Asatryan.
To get IDBank bonds it is necessary to fill in the form and present it to the Bank, then the
bonds will immediately become visible in Idram&IDBank application. To view the bonds, it is necessary to enter the “Banking” section in Idram&IDBank application, choose the “Bonds” section where all necessary information about the bonds is presented: the abbreviation, quantity, nominal value, annual coupon interest rate, payout date and the date of redemption. This means that the clients will have an opportunity to manage their funds in a more flexible way.
You can get the detailed information about the bonds of the second issue of 2021 here.
The Bank informs also that the funds attracted by means of nominal bonds are considered to
be guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia.
The Bond prospectus was registered by the CBA, resolution N1/392A of the Chairman of the
CBA from July 23, 2021. The electronic version of the prospectus and the final terms of issue are
available on the official website of the Bank.

THE BANK IS CONTROLLED BY CBA