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-
