On December 18, “Armenia Electric Networks” CJSC made an exciting announcement regarding the release of its bonds. This marks a significant milestone for the company, as it is the first time they have issued bonds in the Armenian capital market. The bond issuance has a volume of 32 billion drams, an interest rate of 11.4%, a maturity period of 3 years, and a semi-annual interest payment. Ameriabank, a trusted financial institution, serves as the distributor of these bonds.

The primary objective behind the issuance of these bonds is to secure financing for the refinancing of the company’s loans. Additionally, the funds raised will support an ongoing investment program aimed at various important initiatives. These initiatives include reducing electricity losses, expanding the distribution network, lowering operational costs, enhancing service quality, attracting new customers, and upgrading electricity accounting systems. This demonstrates “Armenia Electric Networks” CJSC’s commitment to continuous improvement and growth.

While Armenian banks and financial institutions are the main buyers of these bonds, the process for individual investors to acquire them has been made more transparent. Anyone interested in purchasing Ameriabank’s bonds in HECJ can do so conveniently through a user-friendly and automated online system. This accessibility empowers both institutional and individual investors to participate in the Armenian capital market.

It is anticipated that the issuance of bonds by “Armenia Electric Networks” will contribute significantly to the development of the financial market in Armenia. Furthermore, it will enhance confidence in the national currency and foster an increase in foreign investments. This positive ripple effect will contribute to the overall growth and prosperity of the country’s economy.

The bond issuance agreement of “Armenia Electric Networks” CJSC has been duly registered with the Central Bank of Armenia. This ensures compliance with regulatory requirements and safeguards the interests of all stakeholders involved.

Let’s take a closer look at “Armenia Electric Networks” CJSC. They are actively involved in the production and distribution of electricity in the Republic of Armenia. With their comprehensive infrastructure, including 0.4-110 kV overhead and underground power lines, substations, and distribution points, they play a pivotal role in ensuring efficient electricity transmission. Their vast reach extends to over 1 million customers, making them the largest operator in Armenia’s electricity sector. It is worth noting that they are part of the esteemed “Tashir” group of companies.

Now, let’s shift our focus to Ameriabank. As a leading financial and technological institution in Armenia, Ameriabank holds a prominent position in the country’s banking sector. The bank’s impressive asset portfolio exceeds 1 trillion AMD, solidifying its stature as a major player. Ameriabank has prioritized keeping up with modern requirements, investing in a diverse range of programs and services. Their commitment to innovation and technology has allowed them to create a dynamic and innovative financial-technological platform. Furthermore, the operations of Ameriabank are effectively supervised by the Central Bank of the Republic of Armenia.

The collaboration between “Armenia Electric Networks” CJSC and Ameriabank demonstrates a shared commitment to driving growth and progress within Armenia’s energy and financial sectors. Through this bond issuance, both companies are further strengthening their positions and contributing to the economic development of the country.