ArmInfo.Ameriabank placed AMD 5 billion dram bonds ahead of schedule and immediately prepared the next AMD tranche in the same amount for placement.
As ArmInfo was informed in the press service of the bank, the public offering of the previous tranche of AMD bonds in the amount of 5 billion drams began on April 28 and the completion was planned on July 3, but high demand made it possible to fully place the volume on May 7.
It was the high demand for the dram tranche that prompted Ameriabank to announce the next public offering since May 18 this year. the next issue of registered, coupon and non-documentary dram bonds with an issue volume of 5 billion drams and a coupon yield of 9%. The maturity period of the bonds of this issue is set at 30 months, and the periodicity of coupon payments is once a quarter. The completion of the initial placement of bonds of this issue is scheduled for July 31. As part of the dram issue, 50 thousand bonds with a nominal value of 100 thousand drams each will be issued. Full redemption of bonds of this issue will take place on November 18, 2022.
Those wishing to purchase bonds of this issue need to, after filling out an application-order and sending it to the underwriter, make payment to the account 1570043120372900 opened in Ameriabank. A table with daily prices is posted on the Ameriabank website - see link https://www.ameriabank.am/userfiles/file/IR/AMD_Prices_May_2020_arm.pdf. You can find out more about the terms of issuing bonds of the next dram tranche on the bank's website: https://www.ameriabank.am/userfiles/file/IR/AMD_bonds%20t&c_May_2020_arm.pdf The report also notes that the prospectus for the issue of this issue was registered with the Central Bank on March 16, 2020.
It should be noted that on April 28, 2020 Ameriabank announced the public placement of two issues of registered, coupon and non-documentary bonds with the issue volume of 5 billion drams and $ 10 million. As part of the dram issue, 50 thousand bonds with a nominal value of 100 thousand drams and 100 thousand bonds with a face value of 100 thousand drams were issued bonds with a face value of $ 100. The yield on the coupon of dram bonds is 9.5%, and dollar - 5%. The circulation period in both cases is 27 months, and the frequency of coupon payments is once a quarter. The placement of the dram tranche ended ahead of schedule - May 7, and the dollar tranche is still in process (the scheduled completion date is July 3).
According to AMX, the stock exchange as of May 13 this year 13 issues of Ameriabank bonds are quoted - 10 dollar and 3 dram. The total volume of issue of dollar issues is $ 85.710 million, and AMD - 8 billion drams. The repayment of dollar tranches will take place in 2020-2023: in June and December 2020 - two tranches; in May, September and November 2021 - four tranches; in February June and October 2022, three tranches; and in May 2023, one tranche. And dram tranches will be repaid in September 2021 (one) and February 2022 (two).
According to the Financial Rating of the Banks of Armenia as of December 31, 2019 prepared by ArmInfo IC, Ameriabank is the leader in the amount of funds raised from the placement of corporate bonds - 54.6 billion drams or $ 113.8 million. In a three-year context, the bank increased this indicator 3 times. Ameriabank accounts for about 30% of the total volume of this indicator in the banking sector. Ameriabank is also very active in the corporate bond market of Armenia, having started issuing its securities since March 2016, and in the same year initiated the first issue in the international market - in June, through its investment manager, responsAbility Investments AG, successfully placed $ 20 million debt securities in 4 Luxembourg investment funds. Ameriabank has been repeatedly recognized as "The best custodian operator of the depositary system account in the international securities market." Recall that Ameriabank, operating on the Armenian market since October 31, 1996, is a universal bank providing investment, corporate and retail banking services in the form of a comprehensive package of banking solutions. On January 1, 2020, the shareholders of the bank are Ameria Group CY Ltd. - 56.47%, EBRD - 17.76%, Asian Development Bank - 13.94%, ESPS Holding Limited - 11.83%.
