IDBank will be one of the most active players in the bond market in 2019


Bonds allocation started on February 20 and was completed on March 14, before the planned date. Bonds with nominal values of $ 5 million have been placed. The maturity of 2019 first issue of bonds is 2 years and 6 months, and annual coupon interest rate is 5.25%, which will be paid quarterly.

Deputy Chairman of IDBank Board/Financial Director Ruben Melikyan noted that more and more clients are choosing IDBank bonds as a saving instrument, and the experience of years shows that demand always exceeds the offer. Especially since IDBank is always ready to provide loans with bonds pledges to customers purchasing its bonds, with only a 1 percentage point higher interest rate.
“IDBank will continue to maintain its leading positions in the market and will offer its customers new tranches this year. This issue of bonds will be listed on the Armenian Stock Exchange”, – said Ruben Melikyan.

IDBank issued its first tranche of bonds in 2016, after which it issued another six tranches of nominal coupon USD and AMD bonds, bringing the total amount to 30 million USD and 1 billion AMD.

Originally posted via IDBank’s website on March 15, 2019.