ACBA-CREDIT AGRICOLE BANK to place USD -and Armenian dram -denominated bonds

12.07.2018 17:33
ACBA-CREDIT AGRICOLE BANK to place USD -and Armenian dram -denominated bonds

YEREVAN, July 12. /ARKA/. The Yerevan-based ACBA-CREDIT AGRICOLE BANK said today it will concurrently place USD - and Armenian dram -denominated bonds to the tune of $5 million and 700 million drams respectively.

The bank said US dollar bonds will be placed with an annual yield of 5.25% and a maturity period of 36 months. The face value of a bond is $100. The bank will issue dram-denominated bonds with a yield of 9.5% and a maturity period of 24 months. The face value of a bond is 100,000 drams.

Under the Armenian law on insurance of private bank deposits, the funds raised as bonds, as well as bank deposits are guaranteed by the Deposit Insurance Fund in the amounts stipulated by the law.
To purchase bonds, investors must complete and submit applications to ACBA-CREDIT AGRICOLE BANK.

Application for purchase of bonds by individuals

Application for the purchase of bonds by legal entities

Bond prospectus

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK. ($1 – 482.23 drams). -0-


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