Corporate Social Responsibility
ARMSWISSBANK'S BONDS WORTH 5 MILLION LISTED IN ARMENIAN STOCK EXCHANGE

ARMSWISSBANK'S BONDS WORTH 5 MILLION LISTED IN ARMENIAN STOCK EXCHANGE

05.06.2019

On June 5, ARMSWISSBANK CJSC bonds worth USD 5 million were listed on AMX Stock Exchange platform.

After the “Market Open” bell ringing ceremony, announcing the allocation of the securities in the Stock -exchange market, the Head of ARMSWISSBANK's Investment Department Karen Turyan pointed out – “The Bank's activities in the securities market are carried out in a number of ways, including the issue of own bonds for attracting funds. At present, the bank has 9 issued bonds worth AMD 8 billion, USD 36 million and EUR 13 million. Investors show a great deal of interest in the bonds issued by the Bank. The latter is evident by the full sale of USD bonds placed recently, long before the set issuance date.

The Bank has listed it USD bonds (SWISB2A) with USD 5 million volume, USD 100 nominal value, 72 months circulation term, 6․5% coupon yield and semester repayment intervals. Michael Hayrapetyan, Financial Director of the Armenian Stock Exchange has observed – “We are glad that ARMSWISSBANK is very active in the securities market by making a regular listing of its bonds on the stock exchange platform, as well as for acting as Market Maker for a number of corporate securities and government bonds for a long time now."

This is the 10th list of the bonds issued by ARMSWISSBANK on the AMX-Armenian Stock Exchange.

Karen Turyan added – "The Bank provides brokerage and depository services in the securities market, as well as multifold securities issuance and placement services. ARMSWISSBANK is currently implementing AMX market-based daily quotation of 7 issued benchmark government bonds and 14 issued corporate bonds. By the end of 2018, the Bank had the largest portfolio of securities in the Armenian banking system, which exceeds AMD 130 billion”.

Highlighting the importance of partners’ involvement in the corporate bond market, Michael Hayrapetyan concluded – “"Over the past few years, the corporate bonds market has grown greatly both in the number of lists and in circulation volumes. And we are hopeful that the activity of ARMSWISSBANK and other companies in the securities market will serve as a good example for organizations that are considering attracting more funds or diversifying them."

Since September 13, 2007, the Bank is a member of the Armenian Stock Exchange. Both companies highly appreciate their mutual cooperation and as bright example of this fact is that this year ARMSWISSBANK has been awarded the "Exchange Member in the Corporate Securities Market 2019 " in the the "AMX Exchange Member 2019" awards and the "Regulated Market Member 2019" award.


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