“FINCA” UCO CJSC (“FINCA Armenia”) announces the launch of its 20th anniversary bond issuance. With this step, the company affirms its eight years of consistent presence and reliable position in the Armenian financial market.

As the company reported, the launch of the 20th issuance brings together the company’s journey and the high trust of investors. Over the past few years, FINCA Armenia has formed a stable bond program that continues to be an interesting and competitive investment opportunity.

“Our 20th issuance is not just a number; it is the result of the exceptional confidence placed in us by our team, our partners, and most importantly, our investors. We are proud to have been a stable and transparent participant in the capital market for eight consecutive years. Our strategy remains unchanged: to ensure sustainable growth and offer reliable investment tools that contribute to the development of Armenia’s financial environment,” said Gevorg Ter-Hovhannisyan, acting CEO of “FINCA” UCO CJSC, notes:

20th issuance details:

•    Placement period: November 24 to November 28
•    Currency: Armenian dram (AMD)
•    Total volume: 938 million AMD
•    Annual coupon rate: 11.75%
•    Maturity (term): 3 years

Key achievements and strengths of FINCA Armenia’s bond program:

•    20th issuance since 2017. The 20 issuances carried out since 2017 demonstrate FINCA Armenia’s stable and active participation in the Armenian financial market.
•    Aggregate volume. The total volume of issuances amounts to approximately $41 million equivalent, including roughly 12.4 billion AMD and 10.5 million USD.
•    High investor interest. FINCA Armenia’s bonds have consistently been viewed as a trustworthy and attractive financial instrument over the years, ensuring liquidity and stable returns.
•    Investor confidence. There is a continuous increase in the number of individual investors and repeat investors, which confirms the widespread confidence in this investment tool. The investor base also includes specialized and legal entities.
•    Partnership with market leaders. Key partners throughout various issuances have included AraratBank, Dimension company, and ArmSwissBank, which serves as the market maker for the latest issues.
•    Transparency. All bonds have consistently been listed on the Stock Exchange, ensuring maximum transparency and accessibility for investors.

Anoush Petrosyan, Chief Financial Officer of FINCA Armenia, highlighted in her speech that the total financing volume of $41 million equivalent raised since 2017 underscores FINCA’s financial discipline and high creditworthiness. 

“The successful placement of all 20 issuances and their listing on the Stock Exchange provide our investors with reliable returns and liquidity. This success allows us to continue financing our clients, particularly small businesses, and maintain our position as one of the most attractive financial instruments in the market,” said Anoush Petrosyan.

Emphasizing FINCA’s client-centric mission, Vardan Haroyan, Chief Commercial Officer, noted:

“FINCA’s 20th bond issuance is a testament to the exceptional trust the organization enjoys in the investment market. This success is the result of strengthening the connection between FINCA and our clients, as the funds raised are directed toward financing small and medium-sized businesses in Armenia. We are proud that our financial instruments contribute to the development of both our investors and the real sector of the economy.”

About “FINCA” UCO CJSC

“FINCA UCO CJSC is part of the global FINCA Impact Finance (FIF) network, and is one of the leading microfinance and small business financing organizations in Armenia. The company was founded in 1999 and aims to improve the quality of life for low-income segments of society by providing financial services.

For more information visit finca.am  or call 012 555555.