The bell of the Armenian Stock Exchange announced the listing of IDBank’s dollar bonds of 2nd issue of 2019.

Thus, 4 tranche bonds issued by IDBank with a volume of 15 million USD and 250 million AMD are currently circulated in the secondary market.

“IDBank continues to be in an active position in the bond market and offers its clients the opportunity to make profitable investments. Bank’s bonds are in high demand and are usually placed before the due date. For example, the AMD bonds issued in 2019, were sold out just days after issuance, which, of course, indicates a high level of confidence in IDBank. If we take into account the new legislative changes, the result of which will be the non-taxable income from the bonds, the latter will become more attractive, and I am confident that our further issuances will be in greater demand”, said Mher Abrahamyan, Chairman of the Management Board of IDBank.

The total volume of the listed bonds is $5,000,000, the nominal value is 100USD, the coupon annual yield is 5%, the coupon will be paid quarterly, the maturity is 27 months. From the moment of listing, address trading and repo transactions were permitted.

“Listing of the bonds and investing in bonds has become even more attractive and profitable due to recent developments in the capital market. Particularly the recent changes in the RA Tax Code, including the exemption of income tax and non-resident income tax from the interest rates on bonds listed on the stock exchange, and this year, the introduction of a new trading system on the stock exchange, which will give physical entities online access to the stock market, will create new prospects of development both for issuers and for investors,” said the CEO of the Armenian Stock Exchange, Hayk Yeganyan.

The Armenian Stock Exchange cooperates with IDBank since 2009. The latter is also a Deposit Account Operator, a member of a regulated market settlement system.