Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders
Общество
Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders. The coupon rate of the new issuance is set at 13.25% per annum, making it one of the most attractive offerings on the market for investors seeking stable long-term returns.
Investors who are not currently shareholders of the bank may gain access to the perpetual bonds by purchasing Unibank shares. The bank is currently placing another tranche of ordinary shares worth AMD 3.9 billion. A total of 10 million shares are expected to be placed by September 9, 2026.
Unibank continues to expand opportunities for shareholders and contribute to the development of Armenia’s capital market by offering investors modern and efficient long-term investment solutions.
According to the terms of the offering, investors are entitled to purchase 300 perpetual bonds for every 2,600 ordinary shares held. For holdings exceeding 2,600 shares, the maximum number of purchasable perpetual bonds increases proportionally - one additional bond for every 8 additional ordinary shares. The minimum purchase amount is 100 bonds.
The coupon rate for the new tranche is set at 13.25% per annum for the first 36 months, after which it will be determined based on the yield curve of government bonds. Coupon payments will be made semi-annually.
Last year, Unibank became the first bank in Armenia’s history to issue perpetual bonds totaling AMD 6.5 billion and USD 9 million, successfully placing them well ahead of schedule. The placement generated strong activity in the securities market and became one of the most notable events in the country’s financial sector.
