YEREVAN, October 20. /ARKA/. ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.
The bank will issue 100,000 bonds for each tranche.
The yield for the first tranche of dram-denominated bonds is 9.50%, and 9.75% for the second. The yield for the first tranche of dollar-denominated bonds is 5%, and 5.5% for the second.
The maturity period for both the dram and dollar-denominated bonds is 30 months for the first tranche and 60 months for the second. The maturity date for the first tranche is April 20, 2029, and for the second, October 20, 2031.
To purchase the bonds, an investor must complete and submit a bond purchase application to ACBA Bank.
Under the Law of the Republic of Armenia “On Guaranteeing the Compensation of Bank Deposits of Individuals,” funds raised through registered bonds issued by the bank are considered guaranteed bank deposits and are covered by the Deposit Guarantee Fund.
The bank’s operations are regulated by the Central Bank of Armenia.
