Ameriabank successfully placed the dram coupon bonds of the European Bank for Reconstruction and Development (EBRD) in the amount of 13 million dollars, covering 42.1% of the market, taking the first place by that indicator. The profitability of the first issue of EBRD bonds, which were distributed on July 29, 2015, was 17%, the volume of the issue was 2 billion drams, the nominal value of one bond was 10 thousand drams, the periodic payment of the coupon was once a year. The profitability of the second issue, which was placed on August 10, 2015, was 14.5%, the volume of the issue, the nominal value of one bond is similar to the first issue, but the periodic payment of the coupon is planned once every six months. The yield of the third issue, which was placed on February 1, 2015, was 11.7828%, the volume of the issue, the nominal value of one bond and the periodic payment of the coupon are similar to the second issue.
In second place is Armswissbank, specializing in the field of investment banking, which successfully allocated USD 10 million of its first three issues of dollar bonds, covering 33.53% of the market. The parameters of all three issues are the same: the nominal value of one bond is 1,000 dollars, the periodicity of the coupon payment is once a quarter, but the volumes of the issue are different: 2 million dollars, 3 million dollars and 5 million dollars.
In third place is Araratbank, which has distributed the 9th and 10th issues of its dollar bonds in the volume of 4 million dollars, covering 13.41% of the market. The organizer of issues is Araratbank, and the market-maker is Renesa investment company. The bank's 9th and 10th release settings are the same. The issues were made, respectively, on May 5 and November 25, 2015, uniformly in the volume of 2 million dollars, and the nominal value of one bond was 25%, the coupon payment frequency was once a quarter.
In fourth place is the Capital Investments investment company, which placed two issues of dollar and dram bonds of "CREDIT PORTFOLIO SECURITIZATION FUND 1" with a volume of 2 million dollars, covering 6.91% of the market. For the first time in the financial history of Armenia, assets were securitized by a specially created fund. These asset-backed securities (ABS) are backed by cash flows from the assets. The manager of "CREDIT PORTFOLIO SECURITIZATION FUND 1" is "Capital Investments" CJSC, and the market-maker is Converse Bank. Those bonds were listed on the NASDAQ OMX Armenia stock exchange on January 27, 2016 and were allowed to trade on the stock exchange on the same day. Bonds of the first issue of the Fund with a unique volume of 1,132,800 USD, nominal value of 100 USD, 36 circulation period, 8.5% coupon rate (ISIN - AMLPSFB21ER2) will be traded on the Exchange under the abbreviation LPSFB1, and of the second issue, with a unique volume of 446,260,000 AMD, with a nominal value of 10,000 AMD. value, 36-month circulation period, 15% coupon rate bonds (ISIN - AMLPSFB22ER0) with abbreviation LPSFB2. The bonds are secured by three levels of credit risk protection. 50% of the risk is guaranteed by Development Credit Authority (DCA) USAID.
In fifth place is the investment company Renesa, which distributed the first two issues of dollar and dram bonds of the universal credit company "Global Credit" with a volume of 1 million dollars, covering 4.05% of the market. In particular, the volume of issuance of dollar bonds was 1 mln. dollars, the nominal value of one bond is 100 dollars, the periodicity of coupon payment is once every six months, and with dram bonds, 100 million drams, 10 thousand drams and once a quarter, respectively. Both placements took place on November 17, 2015.
Source: arminfo.am/