AraratBank underwrites FINCA UCO bondsSOCIETY
As from May 30, 2023, FINCA UCO CJSC intends to underwrite nominal coupon bonds in AMD (code: AMFNCAB2EER0) and USD (code: AMFNCAB2FER7). AraratBank will act as an underwriter and market maker.
The bank said that the bonds will be underwritten through an auction on Armenia Securities Exchange, starting from May 30 till June 2, from 11:00-13:30 daily.
The nominal value of an AMD-denominated bond is AMD 50,000, with a total volume of AMD 800,000,000 and a coupon yield of 13% per annum. The nominal value of a USD-denominated bond is USD 100, with a total volume of USD 2,000,000 and a coupon yield of 7.5%.
“The maturity period of both AMD- and USD-denominated bonds is 24 months. Once placed, the bonds will be listed on the Armenia Securities Exchange,” the bank said in a news release.
For more information, please call at 010 59 23 01, 010 59 23 23