ACBA Bank, one of Armenia's leading financial institutions, has announced the issuance of coupon-bearing non-documentary bonds totaling $15 million USD and 5 billion Armenian drams (approximately $12.8 million USD).
As part of this issuance, the bank plans to offer 150,000 USD-denominated and 50,000 AMD-denominated bonds. A key advantage of this offering is the high annual yield: 6% for dollar bonds and 11% for dram bonds, significantly exceeding average bank deposit rates.
The bonds will have a maturity period of 60 months, making them an attractive mid-term investment instrument. The subscription period will begin on October 21, 2024, and will continue through December 2.
The nominal value of each bond is set at 100,000 drams or 100 USD, making them accessible to a wide range of investors—from private individuals to large institutional players.
To purchase the bonds, investors are required to fill out and submit the appropriate application form to ACBA Bank. The bank provides separate forms for individuals and legal entities, as well as for both dram and dollar bonds.
It is important to note that, in accordance with the Republic of Armenia’s Law 'On Guaranteeing Compensation for Bank Deposits of Individuals,' funds raised through the bank’s registered bonds are considered guaranteed bank deposits and are secured by the Deposit Guarantee Fund.
