IDBank will issue dollar bonds

IDBank will issue dollar bonds

PanARMENIAN.Net - On July 24 of this year, IDBank will issue a dollar tranche of registered coupon bonds under the abbreviation AMANLBB2LER8 with the following conditions.

  • General coverage - 5 million dollars
  • The annual interest rate - 4,25%
  • A circulation period - 27 months
  • The bonds will be paid quarterly
  • Issuance/distribution of placement - 24.07.2023
  • End of placement - 22.09.2023
  • Maturity date - 24.10.2025

The bonds will be placed from July 24, 2023 to September 22, 2023 inclusive. After the placement, the bonds will be listed in the "Armenian Stock Exchange" OJSC. The bonds will be quoted through the Marketmaker.

According to Arman Asatryan, the Chief Financial Officer of IDBank, from now on, the bank's bonds can also be purchased online. “We are so excited that the digitalization process already allows our clients to purchase bonds issued by the Bank without visiting the Bank. This is another step aimed at ensuring the comfort of our customers and, of course, saving their time”, says Arman Asatryan.

To purchase bonds, you just need to go to the "Bonds" section on the online platform, select the type and number of bonds and make a purchase. After purchasing the bonds, full information about them will be available in the Idram&IDBank application.

The "Bonds" section of the “Banking Services” section provides the distinguishing code, quantity, face value, annual coupon yield, coupon payment date and maturity date of the bonds.

All information about the bonds may be accessed by following the link.

The Bond prospectus was registered by the CBA, resolution N1/489А of the Chairman of the CBA from October 7, 2022. The electronic version of the prospectus and the final terms of issue are available on the official website of the Bank.

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