YEREVAN, June 3. /ARKA/. Acba bank is placing coupon book-entry bonds through public offering to the tune of $3,000,000 (three million) US dollars and 2,000,000,000 (two billion) Armenian drams with 4.1% and 9.5% yields, respectively, the press service of the bank reported.
It said the maturity period is 24 months for AMD bonds and 30 months for USD bonds. The face value of a bond in Armenian drams is 100,000 (one hundred thousand), and the face value of a bond in USD is 100 (one hundred) dollars.
To purchase bonds, investors must fill out and submit applications for the purchase of bonds to Acba bank:
– application for the purchase of bonds by individuals:
-application for purchase of AMD bonds
-application for the purchase of US dollar bonds
-application for the purchase of bonds by legal entities:
-application for purchase of AMD bonds
– application for the purchase of US dollar bonds
Under the Armenian Law On Guaranteeing the Compensation of Bank Deposits of Individuals, funds raised through registered bonds issued by banks are considered guaranteed bank deposits insured by the Deposit Guarantee Fund.
The Acba bank is controlled by the Central Bank of Armenia. -0-
