IDBank redeems 4th issue coupon bonds

01.07.2019 19:35
IDBank redeems 4th issue coupon bonds

YEREVAN, July 1. /ARKA/. On July 1, Armenia-based IDBank redeemed coupon bonds of the 4th issue and paid coupon income to legal entities and individuals, registered in the register of owners. The money was transferred to their bank accounts, the bank said in a news release.

The 4th issue comprised $5 million worth bonds with 24-month maturity period and 5.75% interest rate. Coupon payments are made every six months. The 4th issue of bonds was made in 2017, which was followed by another three issues of USD-denominated coupon bonds.

IDBank was established on July 9, 1990 and registered October 1, 1991 as Anelik Bank CJSC. In May 2017, Anelik Bank was re-branded and renamed as IDBank. Today the bank has two shareholders - FISTOCO LTD - 59.7% and CreditBank S.A.L. - 40.3%. -0-


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