Acba Bank places AMD and USD bonds with yields of 11 and 6 per cent respectively

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YEREVAN, 21 October. /ARKA/. Acba Bank announced public placement of coupon non-documentary bonds with a total volume of 15 million US dollars and 5 billion Armenian drams (AMD), the bank's press service reports./pp

Overall, the bank will place 150 thousand US dollar and 50 thousand AMD bonds. The annual yield on dollar bonds is 6%, while the annual yield on AMD bonds is 11%./pp

The circulation term of the bonds is 60 months; the placement kicked off d on 21 October 2024 and will last until 2 December inclusive./pp

The nominal value of one AMD bond is 100 thousand drams, while the nominal value of a dollar bond is $100./pp

In order to purchase the bonds, an investor should fill out and submit an application form to Acba Bank./pp

Application for individuals to purchase bonds:/pp - a href=https://www.acba.am/files/applicatin-B2C-AMD.pdfApplication for purchase of AMD bonds/a/pp - a href=https://www.acba.am/files/Application-B2C-USD-1729087446-.pdfApplication for acquisition of dollar bonds/a/pp

Application for legal entities to purchase bonds:/pp - a href=https://www.acba.am/files/application-B2B-AMD.pdfApplication for purchase of AMD bonds/a/pp - a href=https://www.acba.am/files/application-B2B-USD.pdfApplication for purchase of dollar bonds/a/pp

According to Armenian legislation, funds raised through nominal bonds issued by the banks are considered guaranteed bank deposits. They are guaranteed by the Deposit Compensation Fund./pp

Acba Bank is controlled by the Central Bank of Armenia. -0-/pp nbsp;/p