? 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 +2%, specifically, for AMD bonds - 12%, USD bonds - 7.5% per annum.
Potential investors in bonds can get additional information on terms and other details of the electronic version of the bond prospectus (registered pursuant to decision of the CBA chairman #1/562A dated 07.10.2020) here.