IDBank’s 6th time  issued bonds were listed  on the Armenian  Securities Exchange (AMX) and these bonds will be included in the major list of bonds (Abond) from January 24.

The bank noted that the bonds will be circulated on the Securities Exchange under the AMANLBB26ER3 abbreviation.  

After two-sided quotations made on January 25, investors will have the opportunity to buy and sell them freely.

Bonds have been issued on November 22, 2018 at a nominal value of USD 100.  Trade period of bonds is 2 years and 3 months, rate income is 5.25%, which will be paid quarterly.

The total volume of allocated bonds is USD 5m.

“IDBank is one of the most active participants in Armenia’s stock market. The bank has already issued 6 tranches of USD 25mln and AMD 1bn. IDBank redeemed its first issued bonds on December 12, 2018,” the statement reads.

At present, the stock exchange is trading 4 tranches of a total amount of USD 20 million and 1 tranche of AMD 1 billion bonds.