Investment Services
Evocabank offers nominal, coupon, non-documentary, non-repurchasable, non-convertible bond in AMD and USD.
For the first time in Armenian financial system, Evocabank, as an innovative and modern Bank offers to purchase the bonds online through the Bank’s EvocaTOUCH application. The process is simple, fast and convenient.
Bonds are profitable financial instruments that are highly demanded. They are safe, highly profitable and have a number of advantages:
- The monetary funds attracted by the nominal bonds are considered to be guaranteed bank deposits and are guaranteed by the Deposit Guarantee Fund for the amounts stipulated by RA legislation.
- Income received from the bonds are exempted from the income tax and non-resident income tax.
USEFUL INFORMATION
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | AMD 10,000 | USD 100 |
| Total amount | AMD 2,000,000,000 | USD 10,000,000 |
| Total number of bonds | 200,000 | 100,000 |
| Maturity | 30 months | 30 months |
| Annual coupon yield | 11% | 5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/106A dated 11.03.2022.
| BOND PROSPECTUS |
FINAL TERMS FOR AMD BONDS |
FINAL TERMS FOR USD BONDS |
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 |
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Details of the issuance of bonds can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 500,000,000 AMD | 5,000,000 USD |
| Total number of bonds | 50,000 | 50,000 |
| Maturity | 30 Months | 30 Months |
| Annual coupon yield | 10% | 5.5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/562A dated 07.10.2020.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
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Taking into account the significant interest shown by investors in bonds, Evocabank made the next issue of bonds in March.
Details of the issuance of bonds can be found here.
TERMS AND CONDITIONS OF ISSUANCE OF BONDS
| Class |
Nominal coupon bonds |
|
| Bond par value | 10,000 AMD | 100 USD |
| Total amount | 500,000,000 AMD | 5,000,000 USD |
| Total number of bonds | 50,000 | 50,000 |
| Maturity | 30 Months | 30 Months |
| Annual coupon yield | 10% | 5.5% |
| Frequency of coupon payment | Quarterly | Quarterly |
| Issuer | Evocabank CJSC | |
The electronic version of the bond prospectus was registered pursuant to decision of the CBA chairman #1/562A dated 07.10.2020.
| BOND PROSPECTUS |
TERMS FOR AMD BONDS |
TERMS FOR USD BONDS |
|
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|
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Details of the issuance of bonds can be found here.
? What is a bond
A bond (in Latin: obligation) is a debt security which confirms the bondholder’s right to get from the issuer the par value together with interest at a specific time.
? What will happen if I need the money invested in bonds until maturity
The bonds issued by Evocabank will be listed on the Armenian Stock Exchange. You can buy or sell them at any time.
? Why should I buy bonds instead of investing in a deposit
Bonds are more efficient and rewarding securities. They have a number of advantages.
Income from bonds is exempt from income tax and non-resident income tax.
In case of selling the bonds, you keep the accrued interest.
? My deposits are guaranteed by the Deposit Guarantee Fund, what about my bonds
Bonds are also guaranteed.
Under the RA law On Guaranteeing Compensation of Bank Deposits of Individuals, funds raised from bond issuance are considered guaranteed bank deposits and thus they are also guaranteed by the Deposit Guarantee Fund.
? How can I buy Evocabank bonds
To buy bonds, you need to:
Visit any Bank office, fill out the application for bonds purchase, enter the sum to the special account or do it online from anywhere in the world at any time.
? Can I, if needed, get a loan backed by these bonds
Surely, you can.
Like deposits, bonds can serve as collateral for short-term loans.
The loan will be provided for the term no longer than the bond maturity: bond nominal interest rate +3%