Unibank has completed the full allocation of AMD 1.5 billion worth of Class G convertible preferred shares ahead of the scheduled deadline. Once the listing process is finalized, the shares will be traded on the Armenian Stock Exchange (AMX) platform.

The bank reported that the shares were issued with a fixed annual dividend of 12% and a nominal value of AMD 390 per share.  The public free float for this allocation exceeded 85%, ensuring broad market participation.

“This allocation brought the total number of Unibank shareholders to 400, with minority shareholders now holding approximately 20% of the bank’s capital. Overall, Unibank has carried out 8 share issuances and 26 bond issuances to date, reflecting both individual and institutional investors’ trust in the bank and growing interest in investment instruments,” the bank said in a news release.