YEREVAN, September 13. /ARKA/. Unibank has completed the process of placing AMD 1 billion and USD $5 million registered coupon bonds ahead of schedule. Although the issue prospectus was to be completed on October 6 this year, the bonds were bought by the public within seven days, the press service of the bank reported.
“The demand for the bonds significantly exceeded the supply, which once again proves the high level of confidence of the population in Unibank,” the bank said in a statement.
The bonds issued in the amount of AMD 1 billion and USD $5 million will be listed on the Armenian Securities Exchange AMX. The maturity of the bonds is 36 months. Coupon income will be paid quarterly.
The main advantages of the bonds are high income, not subject to taxation and safety. According to the Armenian Law “On Guaranteeing the Compensation of Bank Deposits of Individuals”, funds raised from sale of registered bonds issued by a bank are considered a guaranteed bank deposit.
Taking into account the importance of profitable and long-term investment of savings for the population and the high demand for the bonds, Unibank plans to make a new issue in the amount of AMD 1 billion within next 10 days. ($1 – AMD 385.84) within 10 days. -0-
