YEREVAN, February 5. /ARKA/. Unibank has issued AMD and USD bonds with high coupon yields of 11% and 5% respectively, the bank’s press service said in a press release today.
According to it, the bank issued AMD 2 billion worth bonds and $5 million worth USD-denominated bonds.
The circulation period of the bonds is 36 months. Coupon yield will be paid quarterly.
The bonds can be purchased at the head office of the bank or its branches. The placement of the issue is planned to be completed by 15.03.2024, after which the bonds will be listed on AMX Armenian Securities Exchange.
According to the Armenian Law On Guaranteeing Repayment of Bank Deposits of Individuals, funds raised through registered bonds issued by a bank are considered insured bank deposits and are guaranteed by the Deposit Compensation Guarantee Fund. Another important advantage is that income from bonds is not subject to taxation.
The Program Prospectus (registered on 30.08.2023 # 1/434A), its supplements and final terms of issue are published at www.unibank.am.
The investor can receive the Program Prospectus, its supplements and final terms in hard copy at the head office of Unibank OJSC (12, № 53, 1-5.Charents Street, Yerevan,) and its branches, as well as an electronic copy at www.unibank website in “Bonds” section. -0-
