YEREVAN, January 22. /ARKA/. The sixth issue of IDBank’s USD-denominated bonds was listed on the Armenian Securities Exchange. On January 24, the bonds will be placed on the main Abond list, the bank said in a press release.
IDBank bonds will be traded under AMANLBB26ER3 ticker symbol. Investors will have the opportunity to freely purchase and sell bonds.
The sixth issue of USD-denominated IDBank coupon bonds was held on October 22 to the tune of $5 million. The face value of a bond is $100, the circulation period is 2 years and 3 months, the yield on the coupon is 5.25%, the payments on the coupons will be made quarterly.
IDBank is one of the most active players in the Armenian Securities Exchange. Until now the bank has made 6 issues of USD-denominated bonds with a total volume of $25 million and one dram-denominated issue in the amount of one billion drams.
On December 12, IDBank redeemed and paid out coupons of the first bond issue via non-cash transfers to bank accounts of individuals and legal entities.
Currently, 4 issues of USD-denominated bonds worth $20 million and one issue of dram-denominated one billion worth bonds are in circulation at the Securities Exchange.
IDBank was established in 1990 and registered in 1991 as Anelik Bank CJSC. In May 2017, the bank made a rebranding and was renamed to IDBank. Today the bank has two shareholders – FISTOCO LTD – 59.7% and CreditBank S.A.L. – 40.3%. ($1 – AMD 485.11). -0-
