Mon, 8 September
31.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Unibank is issuing new coupon USD-denominated bonds to the tune of $5 million with 5% yield

YEREVAN, March 22. /ARKA/. Unibank is issuing new coupon USD-denominated bonds to the tune of $5 million, offering a high yield of 5% per annum. The bank said in a press release that coupon income will be paid quarterly.

Steady income, reliability and high liquidity make bonds a profitable way to preserve and increase personal funds, it said. The face value of one bond is $100, the circulation period is 36 months. Bonds can be acquired at the head office of Unibank or at any of its 47 branches.

‘We have already successfully placed eight issues of bonds in Armenian drams and US dollars, which demonstrates the confidence of the Armenian population in our securities. Investing in bonds is a good way to protect one’s money from inflation and increase savings,” said Margarita Hambartsumyan, the head of the bank’s department for relations with investors and international organizations.

The bonds are available to any natural and legal person, and, like deposits, they are protected by the law, more precisely by the Deposit Insurance Fund. Bonds can be sold ahead of time at the securities exchange, saving the coupon income from the last payment.

Details on the issue prospectus and the terms of issue of Unibank bonds can be found at www.unibank.am.

Unibank was founded in October 2001. Its main shareholder is UNIHOLDING GG LIMITED. In 2015, the bank was reorganized into an open joint stock company. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img