IDBank has announced it will issue the subsequent tranche of bonds on February 20, at the volume of USD 5 million.

According to the bank, the maturity of the first issue of bonds of 2019 is 2 years and 6 months, and the annual coupon interest rate is 5.25%, which should be paid quarterly․

Deputy Chairman of the Board, Financial director of IDBank Ruben Melikyan has said that the bonds have great demand and customers usually anticipate the issue of each next tranche.

“In December 2018 the bank announced redemption of the 1st tranche, while in the beginning of the year the bonds of the 6th issue were successfully listed in the Armenian Stock exchange. Up to date, the bank has issued 6 tranches of nominal coupon bonds in USD and AMD, with total volume of USD 25 million and AMD 1 billion.  IDBank continues to be actively involved in the Armenian bond market, enabling the customers to get more income and diversify their investments,” Mr. Melikyan noted.

The bonds will be listed in the Stock Exchange of Armenia and quoted by the marketmaker.

IDBank nominal coupon bonds can be purchased from 20.02.2019 until 15.05.2019, at any branch of the bank.

The funds attracted by means of nominal bonds are considered to be guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia.