Bonds
For the first time in the financial system of Armenia, Evocabank, as an innovative and modern bank, issued bonds by way of their online placement through the EvocaTOUCH app.
Bonds are a popular and profitable financial instrument. They are a sound and low-risk investment tool with a number of advantages:
- The funds raised through registered bonds are considered a guaranteed bank deposit and are guaranteed by the Deposit Compensation Fund in the amounts set by the RA legislation.
- The income paid on the bonds listed on the Armenia Securities Exchange is exempt from income tax and non-resident income tax, ensuring higher returns.
USEFUL INFORMATION
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 3,000,000,000 AMD | 15,000,000 USD |
| Total number of bonds | 300,000 pcs | 150,000 pcs |
| Maturity | 36 Months | 36 Months |
| Annual coupon yield | 10.25% | 5.25% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman 1/254A dated 03.07.2024.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
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Details of the bond issue can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 2,000,000,000 AMD | 10,000,000 USD |
| Total number of bonds | 200,000 | 100,000 |
| Maturity | 30 Months | 30 Months |
| Annual coupon yield | 11% | 5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman 1/87A dated 07.03.2023.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
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Details of the bond issue can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
||
| Bond par value | 10,000 AMD | 100 USD | 100 Euro |
| Total amount | 2,000,000,000 AMD | 10,000,000 USD | 7,000,000 Euro |
| Total number of bonds | 200,000 pcs | 100,000 pcs | 70,000 pcs |
| Maturity | 30 Months | 39 Months | 39 Months |
| Annual coupon yield | 11% | 5.25% | 4% |
| Frequency of coupon payment | Quarterly | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | ||
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/87A dated 07.03.2023.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
TERMS FOR EURO BONDS |
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TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | AMD 10,000 | USD 100 |
| Total amount | AMD 2,000,000,000 | USD 10,000,000 |
| Total number of bonds | 200,000 | 100,000 |
| Maturity | 30 months | 30 months |
| Annual coupon yield | 11% | 5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/106A dated 11.03.2022.
| BOND PROSPECTUS |
FINAL TERMS FOR AMD BONDS |
FINAL TERMS FOR USD BONDS |
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Details of the issuance of bonds can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 500,000,000 AMD | 5,000,000 USD |
| Total number of bonds | 50,000 | 50,000 |
| Maturity | 30 Months | 30 Months |
| Annual coupon yield | 10% | 5.5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/562A dated 07.10.2020.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
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Taking into account the significant interest shown by investors in bonds, Evocabank made the next issue of bonds in March.
Details of the issuance of bonds can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 500,000,000 AMD | 5,000,000 USD |
| Total number of bonds | 50,000 | 50,000 |
| Maturity | 30 Months | 30 Months |
| Annual coupon yield | 10% | 5.5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman 1/562A dated 07.10.2020.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
|
|
|
|
|
Details of the bond issue can be found here.
? What is a bond
A bond (in Latin: obligation) is a debt security which confirms the bondholder’s right to get from the issuer the par value together with interest at a specific time.
? What will happen if I need the money invested in bonds until maturity
The bonds issued by Evocabank will be listed on the Armenian Stock Exchange. You can buy or sell them at any time.
? Why should I buy bonds instead of investing in a deposit
Bonds are more efficient and rewarding securities. They have a number of advantages.
Income from bonds is exempt from income tax and non-resident income tax.
In case of selling the bonds, you keep the accrued interest.
? My deposits are guaranteed by the Deposit Guarantee Fund, what about my bonds
Bonds are also guaranteed.
Under the RA law On Guaranteeing Compensation of Bank Deposits of Individuals, funds raised from bond issuance are considered guaranteed bank deposits and thus they are also guaranteed by the Deposit Guarantee Fund.
? How can I buy Evocabank bonds
To buy bonds, you need to:
Visit any Bank office, fill out the application for bonds purchase, enter the sum to the special account or do it online from anywhere in the world at any time.
? Can I, if needed, get a loan backed by these bonds
Surely, you can.
Like deposits, bonds can serve as collateral for short-term loans.
The loan will be provided for the term no longer than the bond maturity: bond nominal interest rate +2%
