Anelik bank places $5 million worth bonds

08.12.2017 19:06
Anelik bank places $5 million worth bonds

YEREVAN, December 8. /ARKA/. Anelik Bank said it has placed the entire amount of USD-denominated bonds of the fifth issue to the tune of $5 million, saying they were acquired by individuals and legal entities in the capital Yerevan and beyond it.

It said also the face value of a bond is $100, the annual yield is 5.75%, and the maturity period is 24 months. Interest is paid every six months.

The bank has placed so far a total of USD-denominated bonds to the tune of $20 million and one billion worth bonds in Armenian drams.

"Bonds are an interesting tool not only for customers but also for the bank itself, "said acting head of the bank Ruben Melikyan.

Bank Anelik cjsc is owned now by FISTOCO LTD (59.7%) and Lebanese CreditBank S.A.L. (40.3%). -0-


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