{"id":249461,"date":"2020-08-04T12:49:40","date_gmt":"2020-08-04T12:49:40","guid":{"rendered":"https:\/\/armbanks.am\/2020\/08\/04\/249461\/"},"modified":"2020-08-04T12:49:40","modified_gmt":"2020-08-04T12:49:40","slug":"unibanks-usd-bonds-listed-on-moscow-exchange","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/08\/04\/249461\/","title":{"rendered":"Unibank\u2019s USD bonds listed on Moscow Exchange"},"content":{"rendered":"\n

YEREVAN, August 4. \/ARKA\/.<\/strong> For the first time in the history of the Armenian Banking, \u201cUnibank\u201d OJSC has undertaken a secondary listing of bonds in Russia, the bank said in a press release today. It said the tenth tranche of Unibank\u2019s coupon bonds with an annual yield of 5.25% has been included on the third listing level of Moscow Exchange. Trading starts on August 4, 2020;\u00a0 ISIN \u2013 AMUNIBB2AER2.<\/p>\n\n\n\n

Unibank made a decision on a listing in Russia, taking the high level of Russian investors\u2019 interest in the Bank\u2019s dollar bonds into consideration. The secondary listing on Moscow Exchange will give Russian investors an opportunity to acquire bonds issued by an Armenian bank in a simplified method- without opening a bank account and securities account in Armenia. It is enough for the buyer in Russia to have an account with the National Settlement Depository or with a Custodian.<\/p>\n\n\n\n

\u201cThe Moscow Exchange is actively developing relations with market participants in the EEU countries, confirming the status of a regional investment center. Among the securities circulating on the Moscow Exchange are Belarusian government and corporate bonds and securities of Kazakh issuers. Thanks to the secondary listing, Unibank will get Russian investors acquainted with its securities, which may in the future allow to offer initial placement of bonds to expand its client base. Investors, in their stead, receive a new financial instrument and diversification of their investments”, said Anna Vasilenko, Managing Director for Issuers at the Moscow Exchange.<\/p>\n\n\n\n

The primary listing had already taken place on the Armenian AMX Securities Exchange. Term to Bond Maturity is 36 months. Coupon yield on the bonds will be paid quarterly. One  can get more information about the detailed conditions of issuance and bond prospectus here.<\/a><\/p>\n\n\n\n

\u201cOur bonds call for a significant interest in wide circles of investors abroad, as well. This is an instrument, ideally matching for low-risk investments. Unibank initiated this project and, together with the Exchanges of Russia and Armenia, undertook an enormous job, thereby expanding the prospects for the development of the capital market and increasing the volume of investments. We are sure, that our bonds will meet Russian investors\u2019 requirements and this profitable offer will be made use of by a great number of people wishing to save or increase their funds, as Unibank\u2019s bonds are trustworthy, profitable and with high liquidity\u201d, commented Mesrop Hakobyan, CEO of Unibank.<\/p>\n\n\n\n

\u201cThis is a historic event for the Armenian capital market. For the first time, securities that have passed the listing procedure on the Armenian Securities Exchange have also passed the listing on a foreign stock exchange. On the eve of the formation of a single financial market in the Eurasian Economic Union in 2025, the Armenian Securities Exchange and the Central Securities Depository of Armenia, as a result of active cooperation with the interested participants in the capital market, created an opportunity to increase the recognition of issuing companies at the international level, soar the turnover of securities, and also attract investments from the Russian market through cross-listing. We hope that the other members of the Armenian Securities  Exchange will also take advantage of this opportunity,\u201d said Hayk Yeganyan, CEO of the Armenian Securities Exchange.<\/p>\n\n\n\n

Unibank\u2019s Securities may be acquired by both Physical Persons and Legal Entities. The maintenance of prices for the purchase and sale of bonds will be handled by GX2 Invest, which is part of the international investment and industrial group GX2.<\/p>\n\n\n\n

\u201cThere are very few dollar bonds with good profitability in the Russian Market available to retail investors. Now, the majority of the Russian investors have the possibility to purchase Unibank\u2019s bonds directly at Moscow Exchange- as the nominal value of one bond is only USD 100. We are very glad, that Unibank, being a leader in the Armenian banking system, has entrusted us to maintain its quotes\u201d, – mentioned Irakliy Kiriya , CEO of \u201cGX2 Invest\u201d.   <\/p>\n\n\n\n

Physical Persons\u2019 and Legal Entities\u2019 interest in the given investment tool is also conditioned by Unibank\u2019s reputation, which is one of the leaders of the Armenian retail banking. Every third of working population of Armenia is Unibank\u2019s client. By the number of POS loans Unibank was the leader in the Armenian banking system in the fourth trimester of 2019. <\/p>\n\n\n\n

Unibank was the first in Armenia to have implemented IPO in 2015 and listed its bonds on the National Securities Exchange. The International Moody\u2019s Investors Service rating agency provided Unibank with a B2 level rating,  with a \u201cstable\u201d outlook. <\/p>\n\n\n\n

Nowadays, the Bank\u2019s service network covers 51 branches and more than 100 promo points in different cities of Armenia. The main spheres of activity are retail crediting, supporting SMEs, as well as VIP services, such as Private Banking. Unibank  Priv\u00e9 was awarded as the \u201cBest client service provider in private banking in the CIS countries\u201d at SPEAR\u2019S Russia Wealth Management Awards 2018. Find more information at www.unibank.am<\/a>  -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time in the history of the Armenian Banking, \u201cUnibank\u201d OJSC has undertaken a secondary listing of bonds in Russia, the bank said in a press release today. It said the tenth tranche of Unibank\u2019s coupon bonds with an annual yield of 5.25% has been included on the third listing level of Moscow Exchange. Trading starts on August 4, 2020; ISIN \u2013 AMUNIBB2AER2<\/p>\n","protected":false},"author":1,"featured_media":195237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15192,15791,15193,12781],"class_list":{"0":"post-249461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-moscow-exchange","10":"tag-unibank-3","11":"tag-usd-bonds","12":"tag-ministry-of-finance"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=249461"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/195237"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=249461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=249461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=249461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}