Arminfo.info



 Friday, July 8 2016 11:22

Alina Hovhannisyan

ARARATBANK announces 12th issue of AMD coupon bonds with 13% yield and 2-year maturity

ARARATBANK announces 12th issue of AMD coupon bonds with 13% yield and 2-year maturity

 ARARATBANK has placed the 12th issue of its AMD coupon bonds in the amount of 400 mln AMD with a 13% yield and 2-year maturity. Deputy CEO of ARARATBANK David Harutyunyan said at today's press conference that the given issue includes 40 thsd non-documentary bonds with a nominal value of 10,000 AMD each and quarterly coupon payments.  Harutyunyan said that this is the 6th issue in terms of Armenian dram. He added that the initial placement will be on 11-22 July 2016. The secondary placement on NASDAQ OMX ARMENIA will take place after the listing. 

When replying to ArmInfo's question, Harutyunyan said that the funds received from the sale of the 12th issue will be spent on SME financing. He added that the 13% yield meets the market trends and is set as a result of monitoring of the market of government bonds and the public opinion poll of the potential customers. "Both individuals and legal entities can acquire bonds. ARARATBANK is the operator of the Central Depository of Armenia and has an opportunity to open personal accounts for their customers, which considerably reduces the time of purchase and sale of securities," Harutyunyan said. He added that individuals are mostly (95%) interested in USD bonds, while AMD bonds enjoy the demand of legal entities. Besides purchase and sale of bonds, the market participants will also have an opportunity to conclude REPO transactions. 

Harutyunyan also told ArmInfo that the 13th issue of bonds is scheduled for autumn 2016. However, it is not yet known whether the bonds will be issued in terms of AMD or USD.     

To recall, the placement of the first issue of ARARATBANK undocumentary coupon corporate bonds worth 250 mln AMD with quarterly coupon payment, annual yield of 8%, circulation period of 1 year, took place on 3 May 2007. The placement of the second issue of ARARATBANK undocumentary corporate bonds worth 400 mln AMD, with annual yield of 9% and circulation period of 1,5 years, took place from 9 till 24 June 2008. The placement of the third issue was worth 250 mln USD with 10% annual yield and 1.5 years of maturity. The bank carried out the fourth issue in July 2011. The amount totaled 250 mln AMD with 12% yield.  In 2012 ARARATBANK was the pathbreaking one to issue currency bonds.  This was the fifth issue with the amount of 1 mln USD and 9% yield.  The sixth issue took place in 2013, the currency bonds totaled 1 mln USD with 8.5% yield and 3 years of maturity. The seventh issue took place in 2013 and comprised AMD bonds with the amount of 400 mln AMD, 13% yield and 3 years of maturity. The eighth issue was 1 mln USD-worth, with 8% yield and 4 years of maturity. The ninth issue was 2 mln USD-worth, with 3 years maturity. The tenth issue was made in 2015 2 mln USD-worth, with 2 years of maturity. As of today there are 5 issues (from sixth to tenth) of ARARATBANK's bonds traded on the stock market. ARARATBANK has recently placed its 11th issue of USD coupon bonds worth 1 mln USD with annual yield of 7% and circulation period of 3 years.  As of today there are 5 issues of ARARATBANK's bonds traded on the stock market: 1 in terms of AMD - ARBKB7 (2013, 400 mln AMD), and 4 in terms of USD - ARBKB8 (2014, $1 mln), ARBKB9 (2015, $2 mln), ARBKB2A (2015, $2 mln), ARBKB2‚ (2016, $1 mln), which are listed Bbond.  

To note, according to the Financial Rating of Armenian Banks prepared by ArmInfo News Agency as of April 1, 2016 ARARATBANK's assets amounted to 130.7 bln AMD. The share of investments in securities totaled more than 14.2bln AMD or 11%.  The liabilities made up 108 bln AMD, the total capital - 22.7bln AMD. In Q1 2016 net profit of the bank totaled 176.8 mln AMD (2.7-fold quarterly growth), ROA and ROE were 0.52% and 3.33% as of Q1 2016 end, retaining the bank's place in top 10.  According to latest data European Bank for Reconstruction and Development holds 25%+1 of the bank's shares, 64.24% of the shares belong to Flash petrol trader (President Barsegh Beglaryan), and 10% to Rural Impulse Fund II (part of Belgian Ickofin Investment Management- Incofin IM).

POST A COMMENT
Input digits     

News
Zakharova: information on Azerbaijan`s arms supplies to Ukraine is  carefully checkedZakharova: information on Azerbaijan`s arms supplies to Ukraine is  carefully checked
Russian Foreign Ministry: France`s actions are hindering  implementation of Azerbaijan-Armenia agreements Russian Foreign Ministry: France`s actions are hindering  implementation of Azerbaijan-Armenia agreements 
Russian Foreign Ministry: Anything that will benefit the people of  Armenia is only welcomedRussian Foreign Ministry: Anything that will benefit the people of  Armenia is only welcomed
Gnel Sanosyan: Upon completion of demarcation and delimitation  process, there will be no unresolved problemsGnel Sanosyan: Upon completion of demarcation and delimitation  process, there will be no unresolved problems
Statements by Alen Simonyan are carte blanche for aggression:  Opposition MPStatements by Alen Simonyan are carte blanche for aggression:  Opposition MP
Armenia does not join  CSTO PA delegations heads  statement  condemning violent terrorist attack in Crocus City HallArmenia does not join  CSTO PA delegations heads  statement  condemning violent terrorist attack in Crocus City Hall
NA Speaker: I would like to meet with a person who can prove on a map  that the four villages of Tavush belong to ArmeniaNA Speaker: I would like to meet with a person who can prove on a map  that the four villages of Tavush belong to Armenia
National Assembly Speaker: there were no political overtones in my  meeting with Svetlana TikhanovskayaNational Assembly Speaker: there were no political overtones in my  meeting with Svetlana Tikhanovskaya
Armenian PM, French parliamentarians discuss processes in South  Caucasus Armenian PM, French parliamentarians discuss processes in South  Caucasus 
Baku irritated by Pashinyan`s upcoming meeting with Blinken and Von  der LeyneBaku irritated by Pashinyan`s upcoming meeting with Blinken and Von  der Leyne
French delegation inspects security in Sotk mine French delegation inspects security in Sotk mine
Offering Armenia EU candidate status makes its pivot to West  irreversible - report Offering Armenia EU candidate status makes its pivot to West  irreversible - report 
AraratBank places its 27th issue of dollar bondsAraratBank places its 27th issue of dollar bonds
Armenian MP meet with Danish counterparts  Armenian MP meet with Danish counterparts  
Surrender of Tavush villages to destroy locals` ecosystem - expert Surrender of Tavush villages to destroy locals` ecosystem - expert 
Renowned Swiss-American lutenist to perform in Armenia  Renowned Swiss-American lutenist to perform in Armenia  
Azerbaijan uses military-political leaders of Artsakh in captivity to  achieve its propaganda goals - statementAzerbaijan uses military-political leaders of Artsakh in captivity to  achieve its propaganda goals - statement
No details of upcoming meeting between Armenia`s premier, U.S. Sec of  State, European Commission president No details of upcoming meeting between Armenia`s premier, U.S. Sec of  State, European Commission president 
People of Nagorno-Karabakh determined to return to their homeland -  Leevon KocharyanPeople of Nagorno-Karabakh determined to return to their homeland -  Leevon Kocharyan
Armenian committed to peace and stability in South Caucasus Armenian committed to peace and stability in South Caucasus 
Tatoyan Foundation, together with other human rights organizations,  publishes joint report on torture committed by Azerbaijan against  ArmeniansTatoyan Foundation, together with other human rights organizations,  publishes joint report on torture committed by Azerbaijan against  Armenians
Mirzoyan: Armenia considers Argentina as reliable partner in South  AmericaMirzoyan: Armenia considers Argentina as reliable partner in South  America
French Ambassador: The right of Artsakh people to return to their  homeland has been violatedFrench Ambassador: The right of Artsakh people to return to their  homeland has been violated
State Dept on US policy principles in relations with ArmeniaState Dept on US policy principles in relations with Armenia
Slander aimed at removing National Democratic Pole from political  arena: party responds to IC Slander aimed at removing National Democratic Pole from political  arena: party responds to IC 
Armenian diplomat to EU special rep: Aliyev regime is gearing up for  new aggression against Armenia, as he faced no consequences for last  onesArmenian diplomat to EU special rep: Aliyev regime is gearing up for  new aggression against Armenia, as he faced no consequences for last  ones
ICLaw presents cases of 8 Armenian servicemen to UN Working Group on  Enforced DisappearancesICLaw presents cases of 8 Armenian servicemen to UN Working Group on  Enforced Disappearances
Following Armenian foreign office, references to Artsakh `disappear`  from president`s websiteFollowing Armenian foreign office, references to Artsakh `disappear`  from president`s website
Sati Spivakova and the Moscow Theater of Nations soon in YerevanSati Spivakova and the Moscow Theater of Nations soon in Yerevan
CSTO Secretary General calls for creation of tools to counter  terrorismCSTO Secretary General calls for creation of tools to counter  terrorism
No discussions yet held on the issue of Armenia`s new Constitution -  minister No discussions yet held on the issue of Armenia`s new Constitution -  minister 
Establishment of lasting peace and stability in South Caucasus  Armenia`s top priority - Nikol Pashinyan Establishment of lasting peace and stability in South Caucasus  Armenia`s top priority - Nikol Pashinyan 
Azerbaijan should end the intimidation and harassment of journalists  and civil society activists - Dunja MijatovicAzerbaijan should end the intimidation and harassment of journalists  and civil society activists - Dunja Mijatovic
Armenia`s minister of justice on reforms in judicial system Armenia`s minister of justice on reforms in judicial system 
Armenian expert on Azerbaijan`s policy of misappropriation of  Armenian heritage Armenian expert on Azerbaijan`s policy of misappropriation of  Armenian heritage 
Incident with ex-minister of defense followed by numerous dismissals  - minister Incident with ex-minister of defense followed by numerous dismissals  - minister 
Russia is going through a rather difficult period in relations with  friendly, fraternal Armenia - Russian presidential spokesman Russia is going through a rather difficult period in relations with  friendly, fraternal Armenia - Russian presidential spokesman 
Azerbaijan creates artificial grounds for military aggression against  Armenia - Arman Tatoyan Azerbaijan creates artificial grounds for military aggression against  Armenia - Arman Tatoyan 
Armenian FM takes part in presentation of book Armenian FM takes part in presentation of book "Armenian Buenos  Aires" 
Threats against Armenia in Azerbaijani media channels unacceptable -  Toivo KlaarThreats against Armenia in Azerbaijani media channels unacceptable -  Toivo Klaar
Opposition MP: Threatening people with war is not the mission of  country`s leaderOpposition MP: Threatening people with war is not the mission of  country`s leader
Roundtable on geopolitical developments in South Caucasus held at  Belgian SenateRoundtable on geopolitical developments in South Caucasus held at  Belgian Senate
Andranik Tevanyan: Political struggle is the only guarantee of  success, a chance not to turn real Armenia into historical oneAndranik Tevanyan: Political struggle is the only guarantee of  success, a chance not to turn real Armenia into historical one
Vahagn Khachaturyan Vahagn Khachaturyan "closes" book of condolences at Russian Embassy  in Yerevan
Armenian Human Rights Defender hosts French parliamentarians`  delegation Armenian Human Rights Defender hosts French parliamentarians`  delegation 
 Pashinyan, Kobakhidze visit new building of Georgian Embassy in Yerevan Pashinyan, Kobakhidze visit new building of Georgian Embassy in Yerevan
5 000 dram Bonus from IDBank for Pension Card Holders5 000 dram Bonus from IDBank for Pension Card Holders
Resident of Ararat may be imprisoned for offering bribe during  parliamentary elections - Prosecutor General`s OfficeResident of Ararat may be imprisoned for offering bribe during  parliamentary elections - Prosecutor General`s Office
Immediate steps must be taken to stop Azerbaijan`s violations of  rights of Armenian prisoners of warImmediate steps must be taken to stop Azerbaijan`s violations of  rights of Armenian prisoners of war
Georgian Premier declares unconditional support for Armenia`s  territorial integrity Georgian Premier declares unconditional support for Armenia`s  territorial integrity 
Lukas Rosenkranz: Francophonie will contribute to development of  science in ArmeniaLukas Rosenkranz: Francophonie will contribute to development of  science in Armenia
Detention of Combat Brotherhood members flagrant violation of  universal rights - Arman Tatoyan Detention of Combat Brotherhood members flagrant violation of  universal rights - Arman Tatoyan 
US-based jazz pianist Vardan Ovsepian to perform in Yerevan US-based jazz pianist Vardan Ovsepian to perform in Yerevan 
IDBank issues the 1st tranche of dollar bonds of 2024IDBank issues the 1st tranche of dollar bonds of 2024
Armenia, Greece discuss technological cooperation prospects Armenia, Greece discuss technological cooperation prospects 
Armenian premier congratulates Greek counterpart Armenian premier congratulates Greek counterpart 
Georgian premier to visit Armenia Georgian premier to visit Armenia 
Yerevan to host 10th Global Conference of Young ParliamentariansYerevan to host 10th Global Conference of Young Parliamentarians
Armenia`s premier is deepening crisis - expert Armenia`s premier is deepening crisis - expert 
The telephone conversation between the Chairman of the Halk Maslahaty of Turkmenistan and the Speaker of the Federation Council of the Federal Assembly of the RFThe telephone conversation between the Chairman of the Halk Maslahaty of Turkmenistan and the Speaker of the Federation Council of the Federal Assembly of the RF
Read more



Commented