Armeconombank to Place New Tranch of AMD-Denominated Bonds

From April 1 to September 1 this year, Armeconombank will place new tranch of its AMD-denominated bonds.

The AMD-denominated bonds, with a total volume of AMD 3 bln, comprise 300,000 registered, uncertificated, coupon bonds with a nominal value of AMD 10,000 each.

The bonds carry an annual coupon yield of 9.75%, with semiannual coupon payments. The circulation period is 36 months, and the maturity date is September 1, 2029.

Following the completion of the placement, the bonds will be listed on the Armenia Stock Exchange and will be quoted by a Market Maker.

E-copies of the Bond Program Prospectus (registered by the Central Bank of Armenia) and the Final Terms of the issue are available for download on the Bank’s website. Hard copies may be obtained at the Bank’s Head Office (23/1 Amiryan St., Yerevan).

The bonds may be purchased by both individuals and legal entities via the AEB Mobile application and the AEB Online system, as well as at the Bank’s Head Office or any branch, by submitting bond purchase application(s) in accordance with the established procedure.

The AEB Mobile application can be downloaded here.

Please note that:

• Coupon income paid on bonds listed on the Armenian Stock Exchange  OJSC until 31 December  2027 is not subject to taxation.
• In accordance with the RA Law "On Guaranteeing Compensation of Bank Deposits of Individuals", funds attracted by the Bank through the issuance of registered coupon bonds are considered guaranteed bank deposits and are insured by the Deposit Guarantee Fund.