Evocabank issued bonds in AMD and USD
Evoca issued dram-denominated and USD-denominated bonds yielding 10.25% and 5.25% per year respectively, maturing in 36 months in total amount of AMD 3 billion and USD 15 million.
25.07.2024
Evocabank issued registered, coupon, book-entry, irredeemable, inconvertible bonds.
The Bank will place 300,000 dram-denominated and 150,000 USD-denominated bonds. Coupons will be paid on a quarterly basis. The par value for AMD-denominated bonds is AMD 10,000 and for USD-denominated bonds - USD 100.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
|
Class |
Registered coupon |
|
|
Nominal value |
AMD 10,000 |
USD 100 |
|
Total amount |
AMD 3,000,000,000 |
USD 15,000,000 |
|
Quantity of bonds |
300,000 |
150,000 |
|
Circulation time period |
36 months |
36 months |
|
Annual coupon interest rate |
10.25% |
5.25% |
|
Periodicity of coupon payment |
Quarterly |
Quarterly |
|
Dealer |
Evocabank CJSC |
|
Bonds are interest-bearing financial instruments which are in high-demand in the market. They entitle their holders to receive back the initial principal and earn interest, as well as other advantages:
- Funds raised with the help of registered bonds are considered guaranteed bank deposits and guaranteed by the Deposit Guarantee Fund within the amounts specified in Armenian law.
- The return on the bonds is not taxable by income tax or non-residents profit tax.
In Evocabank, you can get bonds online through EvocaTOUCH application or at any Bank office.
Potential investors can familiarize themselves with the electronic version of the bond issuance prospectus (registered pursuant to decision of RA CB chairman #1/254 A of 03.07.2024), outlining the main terms and other details here.
