Anelik bank places bonds ahead of schedule

30.05.2017 17:26
Anelik bank places bonds ahead of schedule

YEREVAN, May 30. /ARKA/. The Yerevan-based Anelik Bank said today that its second issue of nominal USD-denominated coupon bonds at Nasadq OMX Armenia stock exchange was fully placed ahead of schedule.

The second issue of bonds is worth $5 million; the maturity period is 24 months; the coupon yield is 6.25%, while interest is paid every six months. The bonds were acquired by individuals and legal entities in Yerevan and beyond it.

The bank said more than 80% of the bonds were bought by individuals, indicating a high level of public trust in the bank and its financial literacy. Anelik Bank financial officer Ruben Melikyan is quoted as saying in a press release that the bank plans to issue new tranches of bonds.

Anelik Bank was established on July 9, 1990. It is now owned by FISTOCO LTD - 59.7% and CreditBank S.A.L. - 40.3%. --0--

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