  ACBA-Credit Agricole Bank placing bonds with 5.25% and 9.50% yield July 12, 2018 - 15:59 AMT PanARMENIAN.Net - ACBA-Credit Agricole Bank will start on Thursday, July 12 placing coupon, non-documentary bonds worth $5 million and AMD 700 million, with an annual yield of 5.25% and 9.50%, 36 and 24 months of maturity period, respectively. The nominal value of one bond will stand at $100 and AMD 100,000, respectively. Under Armenia’s law on guaranteeing compensation of bank deposits, cash resources attracted via the bonds issued by the bank are considered bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia. To acquire bonds, investors should fill in relevant applications and submit them to ACBA-Credit Agricole Bank.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news U.S. welcomes efforts to define Armenia-Azerbaijan border  The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |
