Yerevan, march 22։ On March 22, the General Director of the Armenian Stock Exchange, Hayk Yeganyan, signed the decision to list the coupon bonds of “Electric Networks of Armenia” CJSC, according to which the bonds of the company will be included in the basic (Abond) list of bonds of the Armenian Stock Exchange from March 27 and their direct trading will be allowed. and conclusion of Repo transactions.
“Electric Networks of Armenia” CJSC will list 320,000 bonds with a total nominal volume of 32 billion AMD and a nominal value of 100,000 AMD. The coupon yield of the issued bonds is 11.40% respectively, the circulation period is 36 months. You can learn more about listed bonds by going toby reference։
The placement was carried out by “Ameriabank” CJSC in 2023. from December 11 to 2024 between February 9. Bonds with a total value of AMD 32 billion were issued, which were fully allocated.
It should be noted that this is the largest allocation of corporate bonds in the Armenian capital market, with a total volume of 32 billion drams.
The funds raised as a result of the placement of bonds will be directed to the refinancing of the credit obligations of “Electric Networks of Armenia” CJSC, as well as to ensuring the continuity of the investment project, which is aimed at reducing electricity losses, expanding the distribution network, reducing operating costs, increasing the quality of service, connecting new subscribers to the network. modernization of electricity metering systems.
“This event is important for 2 reasons. firstly, that this is the largest issue of bonds in Armenia, which indicates the stability of the capital market of Armenia and confidence in it, and secondly, that this will once again contribute and serve as an example for other companies that would like to issue and attract investments in the future of the company. to ensure development. Hopefully investor interest will be strong and the bonds will be sold quickly. It will create a positive trend in the financial market of Armenia, showing that listed companies can be from different sectors. This is also an attractive incentive for foreign investors,” Hayk Yeganyan, CEO of the Armenian Stock Exchange, said.
“I think that today bonds are sought-after and highly profitable financial instruments, they are safe and have a number of advantages, such as, for example, funds involved in nominal bonds are considered a guaranteed bank deposit, income from bonds listed on the RA Stock Exchange is exempt from income tax and non-resident tax from income tax, providing a higher rate of return. I am glad that today we have a good experience in issuing and allocating bonds in the name of “Electrical Networks of Armenia” company”, says Armen Arshakyan, Director of Economics and Finance of the Armenian National Bank.
“Ameriabank has historically carried out the largest placements of corporate bonds in our country, to which this year the placement of dram bonds of HEC was added. The listing of HEC bonds on the Armenian Stock Exchange is the logical continuation of the successful placement process. We are confident that an active secondary market will further improve the investment environment of our country,” says Ameriabank Investment Banking Director Arno Mosikyan.
“Armenia Electric Networks” PJSC is engaged in the distribution and sale of electricity. The company’s mission is to contribute to the development of the economy by providing reliable, quality and affordable electricity supply. The total length of the company’s networks is 36 thousand. km and serves more than 1 million consumers.
You can purchase the bonds of “Electric Networks of Armenia” CJSC through the mediation of members of the Armenian Stock Exchange by opening a brokerage account and submitting an application for the purchase of bonds. Here is the list of members of the exchange.
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About the stock exchange of Armenia
The Stock Exchange of Armenia is the only operator of the regulated securities market operating in Armenia. AMX offers a complete set of exchange services: listing, trading, clearing and information services, alternative exchange solutions. The final stock exchange settlement is carried out by the Central Depository of Armenia, whose 100% shareholder is the Stock Exchange of Armenia. AMX’s mission is to develop the exchange infrastructure of the capital market, making it an active financing tool for the development of Armenia’s economy.
