AraratBank underwrites FINCA UCO bondsSociety
AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between November 16 and November 18, 2022.
The placement of bonds will be performed through a standard closed auction. As a matter of fact, bonds not placed on the previous offering day will be transferred to the following day until the volume of bonds proposed for placement fully expires.
According to the press service of AraratBank, bonds for a total volume of AMD 1,000,000,000 (one billion) with а coupon yield of 13% per annum and USD 1,000,000 (one million) with a coupon yield of 7.5% per annum will be placed. The nominal value of an AMD-denominated bond shall stand at AMD 10,000, while a USD-denominated bond shall have a nominal value of USD 25. The maturity period of both AMD- and USD-denominated bonds is 24 months.
The results of each auction day, such as the allocated volume, cut-off price, number of auction participants and other relevant data will be published on the official websites of ARARATBANK OJSC and FINCA UCO CJSC, www.araratbank.am and www.finca.am.