YEREVAN, April 14. /ARKA/. The Yerevan-based Anelik bank placed entirely the third issue of one billion drams worth nominal coupon bonds with a face value of 50,000 drams, an annual yield of 12.25% and a maturity period of 24 months at NASDAQ OMX Armenia stock exchange before the deadline.
According to the bank, the placement was completed on March 12 instead of the pre-set date of April 28. The bonds were acquired both for individuals and legal entities in Yerevan and in the regions of the country.
"Buyers use the bonds as alternative investments and receive a fixed coupon income. Due to the successful placement, we envisage the possibility of issuing bonds in the future as well," said Anelik Financial Officer Ruben Melikyan.
The third issue consists of 20,000 bonds. Anelik Bank established in 1990 is now owned by FISTOCO LTD - 59.7% and Lebanese CreditBank S.A.L." - 40.3%. --0--