Armeconombank has completed ahead of schedule the placement of the next tranche of USD-denominated bonds with a total volume of USD 5 million. The bank reported that the bonds carry an annual coupon yield of 5%, with semiannual coupon payments. The circulation period is 36 months, and the maturity date is July 09, 2029. The bonds will be listed on the Armenia Stock Exchange and will be quoted by a Market Maker.Coupon payments and redemption of the bonds will be carried out according to the following schedule: • 1st payment – January 09, 2027 • 2nd payment – July 09, 2027 • 3rd payment – January 09, 2028 • 4th payment – July 09, 2028 • 5th payment – January 09, 2029• 6th payment and redemption of nominal value – July 09, 2029. In accordance with the RA Law “On Guaranteeing Compensation of Bank Deposits of Individuals”, funds attracted by the bank through the issuance of registered coupon bonds are considered guaranteed bank deposits and are insured by the Deposit Guarantee Fund. Armeconombank is supervised by the Central Bank of Armenia. Tweet Views 428