“Armeconombank” and “Unibank” bonds listed on AMX
Bonds of “Armeconombank” and “Unibank” will start trading on the Armenia Stock Exchange (AMX) on October 2. The two issues have a combined nominal value of AMD 11.89 billion (about $32.7 million).
The AMX Chief Executive Officer approved the decisions on September 29. The registered coupon bonds are admitted to the secondary bond list (Bbond), with October 2 as both the listing date and the first trading day.
“Armeconombank” placed 500,000 bonds with a nominal value of AMD 10,000 each, totalling AMD 5 billion. The bonds have a 36-month term and mature on August 28, 2029. The coupon rate is 9.75%, paid semi-annually, six payments in total. The placement ran from August 28 to September 7.
The “Unibank” bonds are perpetual. The bank placed 689,304 bonds with a nominal value of AMD 10,000 each, totalling AMD 6.89 billion. The coupon is fixed at 13.25% for the first 36 months and floating thereafter, paid twice a year on May 26 and November 26. The placement ran from May 26 to September 9.
| “Armeconombank” | “Unibank” | |
|---|---|---|
| Ticker | HEZBBM1 | UNIBBM3 |
| ISIN | AMHEZBBM1ER6 | AMUNIBBM3ER5 |
| Issue size | AMD 5 billion | AMD 6.89 billion |
| Coupon | 9.75% | 13.25% (first 36 months), then floating |
| Maturity | August 28, 2029 | perpetual |
| Coupon payments | semi-annual | May 26, November 26 |
According to AMX, the corporate bond market totals AMD 1.05 trillion and market capitalisation AMD 353.1 billion. A total of 276 securities of 64 issuers are listed and admitted to trading.
