Evocabank will issue registered, coupon, book-entry, non-callable, non-convertible bonds.
The Bank will place 1,500,000 AMD-denominated, 150,000 USD-denominated, and 50,000 EUR-denominated bonds. Coupon interest will be paid on a quarterly basis. The nominal value per bond is 10,000 AMD for AMD tranches, 100 USD for USD tranches, and 100 EUR for EUR tranches.
WHY PURCHASE EVOCABANK BONDS?
1. Stable income for 3 consecutive years: A fixed interest rate guarantees clear visibility into your investment yields in advance.
2. Freedom of choice: Invest in your preferred currency: AMD, US Dollars, or Euros.
3. More than just interest income: Receive a complimentary payment card with no annual maintenance fee (ranging from Standard cards up to Visa Infinite).
4. Preservation of accrued deposit interest: Switching an existing bank deposit into bonds preserves any interest already accumulated on the deposit.
TERMS AND CONDITIONS OF THE BOND TRANCHES
AMD | USD | EUR | |
Nominal Value | ֏10,000 | $100 | €100 |
Annual Coupon Interest Rate | 10.5% | 5.5% | 4% |
Total Amount | ֏15B | $15M | €5M |
Quantity of Bonds | 1,500,000 | 150,000 | 50,000 |
Minimum Purchase | ֏500,000 | $500 | €500 |
Circulation Time Period | 36 months | 36 months | 36 months |
Periodicity of Coupon Payment | Quarterly | Quarterly | Quarterly |
Dealer |
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Bonds are popular and attractive financial instruments. They are secure, offer high yields, and provide a number of advantages:
• Funds attracted through nominal registered bonds are classified as guaranteed bank deposits under the law and are protected by the Deposit Guarantee Fund of Armenia within legally established coverage limits.
• Coupon income earned on these bonds is exempt from personal income tax and non-resident corporate profit tax.
You can buy bonds online through the EvocaTOUCH mobile banking application or by visiting any Evocabank branch.
IMPORTANT
The personal income tax exemption on bond coupon earnings applies to income received up to and including December 31, 2027, pursuant to Article 149, Part 1, Clause 6 of the Tax Code of the Republic of Armenia.
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