Allocated AMD bonds

AMD bonds issued by ARMECONOMBANK OJSC

On 29.09.2017 ARMECONOMBANK OJSC began to allocate AMD nominal coupon bonds.  

The Bond Prospectus was registered by the Central Bank of Armenia on 20.09.2017   pursuant to the resolution N 1/745 A of the Chairman of the Central Bank of RA.  

TERMS OF AMD BONDS’ ISSUE

Issuerallocator

ARMECONOMBANK OJSC

Bond  ISIN

AMHEZBB22ER6

Type of bond

Nominal, non-documentary coupon bonds

Currency

AMD

Total volume

AMD 100,000,000 

Nominal value

AMD  10,000 

Quantity

10,000 

Maturity

27 months

Coupon bonds

12.00%

Frequency of coupon payment

Quarterly

Start of placement

29/09/2017

End of placement

29/12/2017

Repayment date

29/12/2019

For the acquisition of bonds the investors shall fill out the Bond Acquisition Application/s/ in accordance with the specified procedure and submit it/them properly to ARMECONOMBANK OJSC.  To purchase the bonds individuals and legal entities shall apply to ARMECONOMBANK OJSC Head office or any branch of the Bank.

After filling out the Bond Acquisition Application and its proper submission to ARMECONOMBANK OJSC, but not later than by 16:00 of the same working day, the person willing to buy bonds shall make payment for the bonds to the account number  163003841265 opened at ARMECONOMBANK OJSC.

The Bank is entitled with the right of tax agent to calculate and pay the income tax (10%) prescribed by the law from the interests received against the bonds.

We should remind that according to the RA law on ‘’ Guaranteeing the recovery of Individuals’ bank deposits’’   the monetary funds attracted under the nominal coupon bonds issued by the Bank are considered as guaranteed bank deposits and are guaranteed by ‘’ Deposit Guarantee Fund’’.

Updated: 10/04/2023 16:30