Armeconombank placed USD-denominated bonds

ARMECONOMBANK OJSC completed the process of subsequent issues of USD-denominated bonds.

In total,

• USD bonds with USD 2,600,000 volume with an annual coupon yield  of 5.50% have been, with 36 months’ circulation and semi-annual coupon payments periodicity have been placed (AMHEZBB2JER0).
• USD bonds with USD 2,300,000 volume with an annual coupon yield  of 6.25% have been, with 60 months’ circulation and semi-annual coupon payments periodicity have been placed (AMHEZBB2KER8).

The bonds will be submitted to listing on Armenia Stock Exchange OJSC and will have a market maker.

The payment of coupon income of bonds and bond repayment will be made according to the following schedule:

We remind* you that

• In accordance with the RA Law "On Guaranteeing the Compensation of Bank Deposits of Individuals", funds involved in nominal coupon bonds issued by the Bank are considered a guaranteed bank deposit and are guaranteed by the Deposit Guarantee Fund.
• As any financial instrument, acquisition of bonds also implies certain risks that are presented in Prospectus.