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2020-08-04 09:25
IDBANK COMPLETED SECURITIES ANNIVERSARY TRANCHE ALLOCATION AHEAD OF SCHEDULE
The total volume of the anniversary 10th tranche is $ 5 million, the annual coupon income is 4.75%, the coupon will be paid on a quarterly basis, the term is 27 months. The allocation completed on August 3.
The bonds will be listed on the "Armenian Stock Exchange" and will be quoted by Marketmaker.
 
According to the Bank's Financial Director Arman Asatryan, such placement speed was predictable ․ "Even before the bonds were issued, we received many questions from our customers when they would be able to purchase IDBank bonds. At the moment, 4 tranches of bonds issued by IDBank are circulating in the secondary market in the amount of $ 15 million և 250 million AMD, ”said Arman Asatryan.
 
The funds attracted by the bonds are considered guaranteed bank deposits, guaranteed by the Deposit Guarantee Fund.
 
The bond prospectus was registered in the Central Bank of the Republic of Armenia by the decision of the Chairman of the Central Bank of the Republic of Armenia 1 / 291A. The main conditions of the electronic version of the prospectus can be found on the official website of IDBank www.idbank.am.
 

THE BANK IS CONTROLLED BY THE CBA.