Dimension Investments acts as sole market maker for IDBank bonds traded on AMX
YEREVAN, MARCH 29, ARMENPRESS. On March 28, the Armenia Securities Exchange (AMX) OJSC granted Dimension CJSC, one of the leading investment services companies in Armenia, sole market maker status for nominal coupon bonds issued by IDBank CJSC (AMANLBB2GER8), having also listed the bond bank’s securities on AMX’s Bbond list, permitted trading and repurchase transactions with them.
The subscription of registered, coupon, non-documentary and non-convertible bonds which began on February 25, 2022 has ended. Natural and legal persons now have the possibility to acquire and sell the newly issued bonds of IDBank on the market.
Dimension Investments has been a member of AMX since June 2019 and also acts as sole market maker for ordinary shares issued by ACBA Bank․
In February, IDBank issued 150,000 bonds totaling 1․5 billion AMD (face value – 10,000 AMD). The annual coupon interest rate of the bond is 9.25%, the coupon payment frequency is 3 months, the maturity period is 27 months and the redemption date is May 25, 2024.
“Dimension has the experience of providing effective market making services, thanks to which it has maintained its reputation as a reliable partner. Dimension is ready to carry out all the operations necessary to organize the market making, guarantee the high liquidity of the bonds and give investors the flexibility to buy or sell the bonds at any time I believe that bonds are one of the most accessible and stable investment instruments that can be included in a portfolio to diversify investments , reduce risk and volatility,” said Mikael Margaryan, CEO of Dimension CJSC.
“The interest and strong demand for bonds issued by the Bank not only encourage us to improve the bank’s investment mechanisms, but also give our customers the opportunity to manage their funds more flexibly,” said Arman Asatryan, Chief Financial Officer of IDBank.
“The bond market is, in fact, one of the largest securities markets in the world, offering investors unlimited investment options. The international bond market has tripled in the past 15 years and now exceeds 120 trillion dollars,” said Petros Margaryan, Chief Financial Officer. Dimension CJSC analyst.
“IDBank” CJSC was founded in 1990 as “Anelik Bank” Limited Liability Company and has been renamed “IDBank” CJSC since June 2018.
IDBank’s mission is to be customers’ first choice as the best innovative bank in Armenia, providing customers with modern digital solutions with high quality services and an individual approach. The Bank exercises corporate social responsibility by constantly supporting social projects in various directions. The bank has 13 branches with more than 600 employees.
About Dimension Investments
Founded in 2018 and with capabilities spanning securities investment services, capital markets advisory and investment research and management, Dimension strives to put clients first by being their service partner in most reliable, insightful and efficient investment in Armenia, while maintaining high corporate integrity. Dimension’s capabilities are enhanced by its core values, highly engaged shareholders and global network of partners. The company is supervised by the Central Bank of Armenia.
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