ACBA-Credit Agricole Bank placing bonds with 5.25% and 9.50% yieldJuly 12, 2018 - 15:59 AMT PanARMENIAN.Net - ACBA-Credit Agricole Bank will start on Thursday, July 12 placing coupon, non-documentary bonds worth $5 million and AMD 700 million, with an annual yield of 5.25% and 9.50%, 36 and 24 months of maturity period, respectively. The nominal value of one bond will stand at $100 and AMD 100,000, respectively. Under Armenia’s law on guaranteeing compensation of bank deposits, cash resources attracted via the bonds issued by the bank are considered bank deposits and are guaranteed by the Deposit Guarantee Fund of Armenia. To acquire bonds, investors should fill in relevant applications and submit them to ACBA-Credit Agricole Bank. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |