News

In the period from 22 July to 8 November Armeconombank will distribute the subsequent tranches of  dollar and dram bonds issued by it. 

The total volume of dollar bonds to be placed amounts to USD 5,0 mn, which includes 50,000 units of nominal, non-documentary coupon bonds with a nominal value of USD 100. The annual coupon yield of bonds is 5,00%, the  circulation period is 36 months. The payment of coupon income will be made in semi-annual intervals.

The overall volume of dram bonds is AMD 2,0 bn, which includes 200,000 units of nominal, non-documentary, coupon bonds with a nominal value of AMD 10,000. The annual coupon yield of bonds is 10,25%, the  circulation period is 36 months. The payment of coupon income will be made in semi-annual intervals. The repayment date of both dollar and dram bonds is 22.07.2027.

After the completion of the placement, the bonds will be submitted to listing on "Armenia Stock Exchange" OJSC and will have a market maker.

The Program Prospectus of bonds was registered by the Central Bank of Armenia on 19 June 2024.The electronic versions of the Program Prospectus and the final terms of issue can be downloaded from the bank’s website, and the paper version can be obtained by visiting the Head Office of ARMECONOMBANK OJSC, address: Yerevan, Amiryan 23/1.

Bonds can be purchased by individuals and legal entities by applying to the Head Office or any branch of ARMECONOMBANK OJSC.

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 well as coupon income paid for bonds listed in Armenia Securities Exhange OJSC until 31 December 2024 are not subject to taxation.

*  As any financial instrument, acquisition of bonds also implies certain risks that are presented in Prospectus.