YEREVAN, October 19 /ARKA/. The Yerevan-based IDBank said today it is going to carry out the sixth issue of registered coupon bonds on October 22. The bonds will mature in 2 years and 3 months; the coupon yield is set at 5.25%. Coupon payments will be made once a quarter.
“IDBank provides its customers with an opportunity to diversify their investments. We offer our customers to increase revenues not only through deposits or savings accounts, but also through a more flexible instrument – bonds. At the moment, IDBank is the most active player in the bond market and seeks to achieve even a higher position,” the bank said in a news release today.
The placement of bonds is expected to be completed by December 28. The bonds will also be listed on NASDAQ OMX Armenia stock exchange. The sale of IDBank bonds will start on October 22 and continue until December 28, 2018. Investments in bonds, as well as deposits, are guaranteed by the Deposit Insurance Fund.
IDBank was established on July 9, 1990, registered October 1, 1991 as Bank Anelik CJSC. In May 2017, Anelik Bank re-branded to IDBank. Today the bank has two shareholders – FISTOCO LTD – 59.7% and CreditBank S.A.L. – 40.3%. -0-
