Armswissbank announces new issue of USD denominated bonds

Armswissbank announces new issue of USD denominated bonds

PanARMENIAN.Net - At a special ceremony held at Nasdaq OMX Armenia Armswissbank announced about the placement of the third issue of its USD denominated bonds, as well as introduced the first and the second placements of the bonds by bank.

Konstantin Saroyan, CEO of Nasdaq OMX Armenia noted that the Bank has successfully implemented several issues of securities of different companies and now the Bank finally makes placement of its own bonds.

Gevorg Machanyan, Executive director of Armswissbank rang the symbolic bell for opening of the trading day at Nasdaq OMX Armenia.

The third issue of USD denominated bonds comprises 5,000 coupon bonds with nominal value of USD 1,000, annual yield of 8.5% and maturity of 5 years. Placement of the bonds will take place on April 27, 2015 at Nasdaq OMX Armenia.

On April 16, 2015 the first two issues of USD denominated bonds by Armswissbank were placed and the Bank attracted USD 5 mln from the placement. The bank intends to use this money for provision of bank loans and for investment activities.

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