Evocabank Issued Bonds
On March 27, 2023, Evocabank issued registered, coupon, book-entry, irredeemable, inconvertible bonds.
28.03.2023
Evocabank has issued dram-denominated, USD-denominated and Euro-denominated bonds yielding 11%, 5.25% and 4% per year respectively, maturing in 30 and 39 months in total amount of AMD 2 billion, USD 10 million and Euro 7 million.
The Bank is placing 200,000 dram-denominated, 100,000 USD-denominated and 70,000 Euro-denominated bonds. Coupons will be paid on a quarterly basis. The par value of each AMD-denominated bond is AMD 10,000, USD-denominated bond – USD 100, and Euro-denominated bond - Euro 100.
TERMS AND CONDITIONS OF BONDS ISSUANCE
|
Class |
Registered coupon |
||
|
Nominal value |
AMD 10,000 |
USD 100 |
Euro 100 |
|
Total amount |
AMD 2,000,000,000 |
USD 10,000,000 |
Euro 7,000,000 |
|
Quantity of bonds |
200,000 |
100,000 |
70,000 |
|
Circulation time period |
30 months |
39 months |
39 months |
|
Annual coupon rate |
11% |
5.25% |
4% |
|
Periodicity of coupon payment |
Quarterly |
Quarterly |
Quarterly |
|
Dealer |
Evocabank CJSC |
||
