Tue, 16 September
26.1 C
Yerevan
USD: 383.12 RUB: 4.63 EUR: 452.35 GEL: 141.48 GBP: 522.04

IDBank issues two new tranches of bonds

YEREVAN, November 7. /ARKA/. On November 7, 2019, IDBank started the allocation of two nominal, coupon bonds, tranches 2 and 3, thereby raising the issue of bonds to 9. According to the bank’s press office, the total volume of tranche 2 issuance is US $ 5,000,000.00, with a coupon income of 5%, and the coupon will be paid quarterly.

The total volume of tranche 3 issuance is AMD 250,000,000.00 (two hundred and fifty million), nominal value is AMD 50,000, coupon rate is 9.5%, payments will be made quarterly. The maturity of the second and third tranches of 2019 is 2 years and 3 months; allocation is expected to be completed by January 31, 2020. In the meantime the bonds may be obtained from all branches of IDBank. The bonds will be listed on the Armenian Stock Exchange and quoted by Marketmaker, the creator of the market.

Bonds are considered a guaranteed bank deposit and are guaranteed by the “Deposit Guarantee Fund”.
The bond program prospectus was registered at the Central Bank of Armenia by the decision N1/93A of the CBA Chairman.

The electronic version of the Prospectus and the basic terms of emission can be found on the official IDBank website: www.idbank.am. The Bank is controlled by the CBA.

IDBank was established on July 9, 1990 and registered on October 1,1991 as Anelik Bank CJSC.
In May 2017, the bank was re-branded as IDBank. NOw it has two shareholders FISTOCO LTD – 59.7% and “CreditBank S.A.L.” – 40.3%. -0—

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Central Bank of Armenia initiates discussions on draft by-laws related to Law on Cryptoassets

The Central Bank of Armenia is set to conduct a public discussion on  the draft by-laws essential for implementing the Law on Cryptoassets, which became effective on July 4 of this year, as reported by the regulator's press service.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img