News

On closed subscription of preference shares directed to the RA resident and non-resident individuals and legal entities

Conditioned by the RA Government resolution N409 dated 12.04.2018 on “Shift of working day’’, that  is to shift  30 April 2018 working day to 5 May 2018 (Saturday), the planned period (30/04/2018, 09:00-30/04/2018, 16:00) for ARMECONOMBANK OJSC’s  preference shares’ closed subscription is moved  to the next working day - 02/05/2018, 09:00-02/05/2018, 16:00.

ARMECONOMBANK OJSC will allocate USD bonds.

From 25 April to 24 May the Bank is going to distribute its first, USD tranche of the bonds issued by the Bank.

The total volume of the first issue amounts to USD 2 mln., which includes 20,000 nominal, non-documentary coupon bonds with USD 100 nominal value. The annual coupon yield of the bonds is 5% with 27 months circulation period. The payment of coupon bonds will be implemented quarterly. The redemption of the bonds will take place on 25.07.2020.

After the distribution, the bonds will be listed օn NASDAQ OMX ARMENIA and will have a market maker.

The Prospectus was registered by RA CB on 24 February 2018. For more information on Prospectus, its amendments and final term please visit the Bank’s website- www.aeb.am.

In order to buy bonds, individuals and legal entities can apply to ARMECONOMBANK OJSC’s Head Office or to any branch of the Bank.

We should also remind that pursuant to the Law of the Republic of Armenia "On Guaranteeing Bank Deposits of Individuals", the funds attracted by nominal coupon bonds issued by the bank are considered as guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund.