YEREVAN, April 16. / ARKA /. On April 16, 2015 placement of the first and the second issues of foreign currency denominated bonds by “ARMSWISSBANK” CJSC took place at NASDAQ OMX Armenia.
It is worth mentioning that ARSWISSBANK issues bonds for the first time. Company submitted for placement USD 2,000,000 (1st tranche, SWISB1) and USD 3,000,000 (2nd tranche, SWISB2) nominal coupon bonds. The first tranche of bonds included 2,000 coupon bonds (SWISB1) with coupon rate of 7.5% and maturity period of 3 years while the second tranche of bonds included 3,000 coupon bonds (SWISB2) with coupon rate of 8.0% and maturity period of 4 years. The nominal value of the bonds for both tranches is USD 1,000.
Purchase orders for a total of USD 2,000,000 were placed for the Company’s bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 2,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 7.5 %.
Purchase orders for a total of USD 3,010,000 were placed for the Company’s bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 3,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 8.0 %.
Details of the placement are available for download at “News” section of NASDAQ OMX Armenia official web-site
Armswissbank was established on October 7, 2004 as a closed joint stock company and on February 25, 2005 was granted banking license by the Central Bank of Armenia. The Bank’s shareholders are Mr. Vardan Sirmakes, CEO, founder and 100% owner of “Frank Muller Watchland” company and BELEGGINGSMAATSCHAPPIJ JONGO B.V., owning 80% and 20% of the Bank’s shares, accordingly.
Armswissbank works in two main directions: corporate and investment, using private banking techniques.
NASDAQ OMX Armenia is the only stock exchange currently operating in Armenia. On January 26, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” ojsc.
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