Acba Bank to start public placement of its AMD bonds on February 20

ArmInfo.On February 20, Acba Bank will begin the public placement of its two  coupon and  non-documentary AMD bonds in the amount of 3 billion and 4 billion drams. As noted in the Acba Bank statement, the initial placement is expected to be completed on April 10.  

As part of the dram tranche  (AMACBAB2JER8) 30,000 and 40,000 bonds will be issued with a nominal  value of 100,000 drams each, with a coupon yield  of 9.5% for bonds  of the 3 billion drams tranche  and for the 4 billion drams tranche  (AMACBAB2KER6) - 10%. The maturity of the former is set at 36 months,  and the latter at 60 months. Those wishing to purchase bonds of the  above issue must fill out an application and submit it to Acba Bank.  Samples of applications for individuals and legal entities,  respectively, for the purchase of dram bonds  of the AMACBAB2JER8  series and the AMACBAB2KER6 series are posted on the Bank's website  under the appropriate links:

https://www.acba.am/uploaded/application-3-individual.pdf - for  individuals https://www.acba.am/uploaded/application-3-legal.pdf -  for legal entities  https://www.acba.am/uploaded/application-5-individual.pdf - for  individuals https://www.acba.am/uploaded/application-5-legal.pdf -  for legal entities.

According to the Financial Rating of Armenian Banks as of October 1,  2024, prepared by ArmInfo IC, Acba Bank raised funds in the amount of  over 24 billion drams ($62 million) from the placement of its own  bonds. In a two-year period, Acba Bank ensured a 7.3-fold increase in  this indicator. Acba Bank is in the TOP-5 by  the volume of funds  raised from the placement of its own bonds.