YEREVAN, December 24. /ARKA/. Unibank has successfully placed the tenth issue of bonds to the tune of $1,000,000 and had them listed on the Armenian Securities Exchange AMX. All 10,000 bonds (UNIBBA) were listed and included in the secondary exchange list (Bbond). Now, Unibank’s bonds of the 10th issue can be traded to make targeted trade and REPO transactions, Unibank said today in a press release.
It said the annual bond yield is 5.25%. Coupon income will be paid quarterly and the bonds will be redeemed in 36 months.
“When choosing bonds the main criteria are reliability and profitability. Our bonds meet these requirements, and are in high demand among customers, as evidenced by the early placement of the entire volume of the 10th issue. Customers trust us, because Unibank is one of the leaders in retail banking in Armenia seeking to take into account the interests of the widest circles of the population,” comments Mesrop Hakobyan, Unibank Board Chairman.
According to him, customers know that Unibank always offers profitable ways to store and increase savings. Most of the bonds were purchased by retail customers.
Bank bonds, according to the legislation of Armenia, are protected by the Deposit Insurance Fund. More information on the terms of the issue and the prospectus is available on the official website of the bank at www.unibank.am.
Unibank is the first bank in Armenia to have placed shares through an initial public offering (IPO) and having them listed on the securities exchange.
In July 2019, the Moody’s Investors Service approved Unibank’s rating at B2; the outlook is stable. -0-
