AREVAN, March 2. /ARKA/. Acba Bank will place $5 million (five million) and 3,000,000,000 (three billion) AMD coupon non-documentary bonds from March 1, 2023 to May 31, 2023 inclusive through public offering at annual rates of 5% and 11.5% respectively, the press service of the bank said today.
The circulation term is 36 months. In the case of Armenian drams, the nominal value of one bond is 100,000 (one hundred thousand) Armenian drams, and in the case of US dollars – 100 (one hundred) US dollars.
In order to purchase bonds, investors should fill in and submit bond purchase applications to Acba Bank.
Application forms for the purchase of bonds by individuals:
Application for purchase of AMD bonds
Application for purchase of USD bonds
Application form for purchase of bonds by legal entities:
Application for purchase of AMD bonds
Application for purchase of USD bonds
According to the Armenian Law on “Guaranteeing Compensation of Bank Deposits of Individuals” the funds attracted through a bank-issued bonds are considered an insured bank deposit by the Deposit Compensation Fund.
Acba Bank is controlled by the Central Bank of Armenia. -0-
