Sun, 1 June
29.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15
spot_img

Unibank offers USD-denominated coupon bonds with high yield of 4.8%

YEREVAN, December 2, / ARKA /. Unibank said today it has issued US dollar–denominated bonds with high annual coupon yield of 4.8% to the tune of $5 million and 36 month circulation term. According to the bank, coupon income will be paid quarterly.

The placement of the issue is expected to be completed by December 27, 2021, after which the bonds will be listed on the AMX Armenia Securities Exchange.

According to the Law of the Republic of Armenia On Guaranteeing the Compensation of Bank Deposits of Individuals,  funds attracted by the nominal bonds issued by a bank are considered as bank deposits guaranteed by the Deposit Guarantee Fund.

Income from bonds listed on the Armenian Securities Exchange with a maturity of two years or more is not taxable.

The prospectus of the bond program /registered on 22.01.2021, according to Decision 1/25A), its supplements, as well as the final terms of the issue are published on www.unibank.am. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

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.

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

LATEST NEWS

spot_imgspot_imgspot_img