Armenia Stock Exchange delists AMD 2 billion of Fast Bank and AMD 4.65 billion of Armswissbank bonds at maturity
Bonds of two Armenian banks, Fast Bank and Armswissbank, are maturing and being delisted from the Armenia Stock Exchange (AMX). The two issues have a combined nominal value of AMD 6.65 billion (about $18.4 million).
AMX announced the delisting. Trading in the bonds stops as their circulation period expires. Both issues were on the exchange’s secondary bond list (Bbond).
The Fast Bank bonds (FSCRBD) mature on October 19. The bank placed 20 thousand bonds with a nominal value of AMD 100 thousand each from April 19 to June 7, 2024, totalling AMD 2 billion. The bonds had a 30-month term and an 11% coupon, paid quarterly, ten payments in total. They had traded on AMX since July 1, 2024.
The Armswissbank bonds (SWISBK) mature on October 21. A total of 93 thousand bonds with a nominal value of AMD 50 thousand each were placed from October 21 to November 28, 2024, raising AMD 4.65 billion. The 24-month bonds carried a 10% coupon, paid semi-annually, four payments in total. They had traded on the exchange since December 26, 2024.
| Fast Bank | Armswissbank | |
|---|---|---|
| Ticker | FSCRBD | SWISBK |
| ISIN | AMFSCRB2DER8 | AMSWISB2KER5 |
| Issue size | AMD 2 billion | AMD 4.65 billion |
| Coupon | 11% | 10% |
| Coupon payments | quarterly | semi-annual |
| Term | 30 months | 24 months |
| Placement | Apr 19-Jun 7, 2024 | Oct 21-Nov 28, 2024 |
| Maturity | October 19, 2026 | October 21, 2026 |
On AMX, the corporate bond market totals AMD 1.06 trillion and market capitalisation AMD 349.4 billion. A total of 277 securities of 64 issuers are listed and admitted to trading.
