Fast Bank Offers High Yield Bonds with Guaranteed Deposit Protection by 2024 Fast Bank, one of Armenia’s leading financial institutions, is set to distribute 100,000 Armenian drams in nominal coupon bonds with an attractive annual yield of 11.25%. With a total volume of 1,000,000,000 Armenian drams, this series of bonds presents a lucrative investment opportunity. Investors can conveniently purchase the nominal coupon bonds from 32 branches of Fast Bank or through other service-providing companies like “Dynamics” CJSC. Interested individuals must submit their applications and transfer the required amount to the provided account number by February 27, 2024, at 15:30. To acquire these bonds, individuals need to present their ID cards, tax identification numbers for legal entities, and bank account details. The bank assures customers that the transfer of “Physical persons’ Bank deposits” will be guaranteed by the Bank and Guaranteed Deposit Protection Fund, in compliance with the RA Law “On Deposit Insurance.” Notably, the interest earned from these bonds is exempt from mandatory taxation for physical persons, making it an even more attractive investment option. The program for Fast Bank’s nominal coupon bonds has been officially registered by the RA CBA President and can be accessed, along with its final terms and conditions, for download on the bank’s website. With this enticing offer, Fast Bank aims to provide investors with a secure and high-yield option to grow their wealth. Don’t miss out on this opportunity, grab your bonds now!
The bank has announced its plans to distribute 100,000 Armenian drams in nominal coupon bonds. These bonds offer an annual yield of 11.25% and will be available until February 27, 2024. With a total volume of 1,000,000,000 Armenian drams, this series presents an attractive investment opportunity. The bonds have a maturity period of 30 months and offer quarterly coupon payments.
Interested individuals can purchase these bonds from 32 branches of Fast Bank, as well as from “Dynamics” CJSC or other service-providing companies. To secure these bonds, prospective buyers must submit an application and transfer the required amount to the provided account number before 15:30 on the specified day. Additionally, individuals need to present an ID card and provide their tax identification number for legal entities, along with their bank account details.
The bank’s press release assures customers that the transfer of “Physical persons’ Bank deposits” aligns with the RA Law “On Deposit Insurance.” Therefore, depositors can rely on the Bank and Guaranteed Deposit Protection Fund to ensure the safety of their funds. It is worth noting that the interest received from these bonds is not subject to mandatory taxation for physical persons.
The program for the bank’s nominal coupon bonds was officially registered by the RA CBA President on August 9, 2023. Decision number 1/408A confirms the program’s legitimacy. Interested parties can find the complete program details and its final terms and conditions on the bank’s official website. Stay updated on the latest news from Armenia through NEWS.am!
