03.05.2022

From 04 May 2022 to 10 October 2022 the Bank is going to distribute the next tranche of USD and AMD bonds issued by the Bank.

Class od securities

Nominal,  coupon bonds

Type of  securities

 Non- documentary

Nominal value per security

USD 100

Number of securities

50 000 pieces

Total volume of a single issue

USD 5 000 000

Coupon rate ( nominal interest rate of securities)

Annual  5.25%

Payment of coupon rate

Semi-annual payments

Maturity

36 months

Secondary market

“Armenia Securities Exchange” CJSC

Issue date

04.05.2022

Distribution term

04.05.2022.-10.10.2022

Issuer

ARMECONOMBANK OJSC

Bonds redemption date

04/05/2025

 

After the distribution the bonds will be listed on “Armenia Securities Exchange” CJSC and will have a market maker.

The Prospectus was registered by the Central Bank of Armenia on 15 April 2022. For more information on Prospectus and final terms, please visit the Bank’s website- www.aeb.am.

To obtain the hard copy of the Prospectus, please apply to the Head office of the Bank, address - 23/1 Amiryan str., Yerevan.

Individuals and legal entities can acquire bonds by applying to the head office or any branch of the Bank.

The payment of coupon rate and the redemption of bonds will be fulfilled by the following schedule

First payment of coupon rate

04/11/2022

Second payment of coupon rate

04/05/2023

Third payment of coupon rate

04/11/2023

Fourth payment of coupon rate

04/05/2024

Fifth payment of coupon rate

04/11/2024

Sixth payment of coupon rate and redemption of bonds

04/05/2025

 

 

 

The electronic versions of the Prospectus and final terms can be downloaded from Bank’s website- www.aeb.am  and to obtain the hard copies thereof, please apply to the head office of ARMECONOMBANK OJSC, address: 23/1 Amiryan str., Yerevan. 

We should 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 deemed to be guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund.

For complete information on the Issuer and the securities to be issued, the Prospectus (registered on 15.04.2022, by resolution N1/174 A), its supplements and Final terms of issue must be jointly considered.

The electronic versions of the Prospectus, its supplements and final terms of issue can be downloaded from www.aeb.am website, section:  “Shareholders”, subsection: “Prospectus” and the hard copy can  be acquired by applying to the head office of ARMECONOMBANK OJSC , address: 23/1 Amiryan str., Yerevan. 

 

 

Updated: 03/03/2023 10:37