Acba Bank will serve as market maker for Armenian dram-denominated bonds issued by the European Bank for Reconstruction and Development on the Armenia Securities Exchange. In that role, the bank will help maintain liquidity for the securities in the secondary market by supporting regular buy and sell quotes.
The bonds have already been listed and admitted to the exchange’s main bond list, Abond.
Issue terms
- Total issue size: AMD 5,000,000,000
- Par value per bond: AMD 10,000,000
- Number of bonds: 500
- Maturity: 36 months
- Coupon yield: floating
As market maker, Acba Bank will provide ongoing bid and offer orders on the exchange. The arrangement is intended to improve liquidity for investors and support more transparent price formation.
The bank is supervised by the Central Bank of Armenia.
