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.
Related Articles
Saudi private sector secures 82% of development fund contracts worth $3bn
Saudi private companies have captured 82% of contracts signed by the Saudi Development Fund over the past three years, with a total value exceeding $3bn, according to Abdulmohsen Al-Khayyal, ... more
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Uzbekistan’s banking sector becoming more resilient, says Fitch
Uzbekistan’s banking industry is becoming more resilient, with the sector underpinned by ongoing structural reforms, stronger regulation and improving governance, ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
21 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago