Armenia's Unibank issues dram and dollar bonds with 9.75% and 5% yields

By bne IntelliNews July 11, 2024
Unibank has launched bonds in both Armenian dram and US dollars, offering annual yields of 9.75% and 5%, respectively. The volume of dram-denominated bonds is AMD 2 billion, while the dollar-denominated bonds amount to USD 5 million.
 
The bonds have a circulation period of 36 months, with coupon payments made quarterly. These bonds can be purchased at Unibank's head office or branches.
 
The issuance is expected to be completed by September 9, 2024. After completion and listing, the bonds will be traded on the secondary market via the AMX Armenia Stock Exchange trading platform.
 
According to the Armenian law "On Guaranteeing Compensation of Bank Deposits of Individuals," funds raised through nominal bonds issued by the bank are considered guaranteed bank deposits. These are protected by the Deposit Guarantee Fund.
 
The programme prospectus (registered on June 5, 2024, under number 1/204 A), its supplements, and the final terms of this issuance are available on the Unibank website at www.unibank.am.

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