Acba Bank will act as market maker on the Armenia Securities Exchange for dram-denominated bonds issued by the European Bank for Reconstruction and Development (EBRD), helping ensure liquidity in the secondary market, according to the bank’s press service.
The bonds have been listed and included in the Armenia Securities Exchange’s main bond list, Abond.
Main terms of the issue
- Total issue size — 5,000,000,000 drams
- Face value per bond — 10,000,000 drams
- Number of bonds — 500
- Maturity — 36 months
- Coupon yield — floating
As market maker, Acba Bank will maintain regular buy and sell quotes for the bonds on the exchange. The bank said this should provide investors with strong liquidity and more transparent price formation.
The bank is supervised by the Central Bank of Armenia.
