YEREVAN, February 23. /ARKA/. Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank’s press service reported.
The bank will place 100,000 dram-denominated bonds with an annual yield of 10.25%.
The bonds have a maturity of 60 months. The placement will continue until June 23, 2026, inclusive.
The bonds will mature on February 23, 2031.
The par value of each bond is 100,000 drams.
To purchase the bonds, investors must complete and submit an application to Acba Bank.
Application for the purchase of bonds for individuals:
• Application for the purchase of dram bonds
Application for the purchase of bonds for legal entities:
• Application for the purchase of dram bonds
According to the RA Law “On Guaranteeing the Compensation of Bank Deposits of Individuals,” funds raised through registered bonds issued by a bank are considered guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund.
The bank is supervised by the Central Bank of the Republic of Armenia. ($1 = 376.97 drams)
