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ArmSwissBank completely places bonds of VALLETTA company's third issue
worth 500 mln AMD
2008-09-18 16:26:00
ArmInfo. ArmSwissBank has completely placed the bonds of VALLETTA
company's third issue worth 500 mln AMD, ArmSwissBank told ArmInfo. To
note, ArmSwissBank is the underwriter and market maker of these
securities. During the first day of placement, on September 2, 46.5% of
the bonds were sold, particularly, four agreements worth a total of
232.6 mln AMD, including a package of bonds worth 100 mln AMD bought by
ArmSwussBank for their efficient placement in the secondary market.
Bonds worth a total of 267.4 mln AMD were placed on September 3-13.
To recall, VALLETTA's prospectus of the third issue of name
undocumentary coupon bonds worth 500 mln AMD was registered by the
Central Bank of Armenia on Auhgust 26.
ArmSwissBank told ArmInfo that the agreement signed between VALLETTA
and ArmSwissBank on August 5 stipulated the third issue and placement
of 10000 bonds, the nominal price of each being 50000 AMD, annual
profitability - 11%, and circulation period - 3 years. The coupon
payments will be carried out twice a year. The redemption of bonds will
be implemented be stage by stage, particularly, at 50% of the nominal
value: the first redemption will be in 2 years, the second one - at the
end of the circulation period (in 3 years). ArmSwissBank is going to
pay award fees to the investors who have acquired a package of bonds
worth 50 mln AMD and more, the award fee will make up 0.2% of the
volume bought.
worth 500 mln AMD
2008-09-18 16:26:00
ArmInfo. ArmSwissBank has completely placed the bonds of VALLETTA
company's third issue worth 500 mln AMD, ArmSwissBank told ArmInfo. To
note, ArmSwissBank is the underwriter and market maker of these
securities. During the first day of placement, on September 2, 46.5% of
the bonds were sold, particularly, four agreements worth a total of
232.6 mln AMD, including a package of bonds worth 100 mln AMD bought by
ArmSwussBank for their efficient placement in the secondary market.
Bonds worth a total of 267.4 mln AMD were placed on September 3-13.
To recall, VALLETTA's prospectus of the third issue of name
undocumentary coupon bonds worth 500 mln AMD was registered by the
Central Bank of Armenia on Auhgust 26.
ArmSwissBank told ArmInfo that the agreement signed between VALLETTA
and ArmSwissBank on August 5 stipulated the third issue and placement
of 10000 bonds, the nominal price of each being 50000 AMD, annual
profitability - 11%, and circulation period - 3 years. The coupon
payments will be carried out twice a year. The redemption of bonds will
be implemented be stage by stage, particularly, at 50% of the nominal
value: the first redemption will be in 2 years, the second one - at the
end of the circulation period (in 3 years). ArmSwissBank is going to
pay award fees to the investors who have acquired a package of bonds
worth 50 mln AMD and more, the award fee will make up 0.2% of the
volume bought.