The eighteenth issue dollar bonds are underwritten

On the 3rd of July 2018, ARARATBANK OJSC completed the IPO of the eighteenth-issue USD-denominated bonds.   

The issuing volume made USD 3,000,000 at annual yield of 5.25% percent and a maturity of 51 months.

Bonds were acquired by 102 individuals and 3 legal entities. In terms of the volume, individuals made 74.0% and legal entities made 26.0% of investors.    

Bonds were submitted to listing to NASDAQ OMX ARMENIA Stock Exchange.  

In addition, five USD-denominated and two AMD-denominated bonds — previously issued by ARARATBANK OJSC — are currently in circulation, which are quoted at NASDAQ OMX ARMENIA Stock Exchange.         

Pursuant to the Law of the Republic of Armenia "On Guarantee of Remuneration of Bank Deposits of Physical Persons” funds attracted via nominal bonds, issued by the Bank, shall be deemed guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund.