YEREVAN, May 13. / ARKA /. On May 13, 2015 the third issue of USD denominated corporate bonds by “ARMSWISSBANK” CJSC were listed at NASDAQ OMX Armenia on the secondary Bbond list.
The Company’s bonds comprising of 5,000 coupon bonds with nominal value of USD 1,000, coupon rate of 8.5%, maturity period of 5 years will be traded under SWISB3 ticker symbol and allowed to manual and REPO trading as well.
To recall, on April 27, 2015 placement of this issue of corporate bonds by ARMSWISSBANK took place at NASDAQ OMX Armenia. Purchase orders for a total of USD 5,427,000 were placed for the Company’s bonds, as a result of which the bonds were fully placed. The Issuer has attracted USD 5,000,000 from placement. Cut price of the bonds was USD 1,000, weighted average yield and the cut yield was 8.5 %.
This is the third issue of the Company’s bonds listed on the secondary Bbond list. The other two issues of bonds (SWISB1 and SWISB2) by ARMSWISSBANK listed at NASDAQ OMX Armenia on May 05, 2015.
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 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.-0-
