Unibank Issues a New Tranche of Perpetual Bonds with 13.75% Coupon
11.12.2025,
15:04
Unibank announces the launch of a new tranche of perpetual bonds denominated in Armenian drams, following strong investor interest and the successful placement of earlier issuances.
YEREVAN, December 11. /ARKA/. Unibank announces the launch of a new tranche of perpetual bonds denominated in Armenian drams, following strong investor interest and the successful placement of earlier issuances. The volume of the new tranche is AMD 3 billion, and the coupon rate is set at 13.75% per annum.
Earlier, the bank successfully placed the first perpetual bonds on the Armenian financial market, totaling AMD 3.5 billion and USD 9 million. The placement was completed significantly ahead of schedule—the entire volume was purchased in almost a single day. Strong investor demand significantly exceeded the supply, which prompted the issuance of a new tranche.
Coupon payments on the perpetual bonds will be made quarterly. For the first three years, the rate will remain fixed, after which it will be calculated based on the three-month government bond yield curve plus 6.5%. After a five-year period, the bank may apply a call option and repurchase the bonds at par value.
The introduction of this new instrument is an important milestone in the Armenia’s capital market, providing investors with an opportunity to receive stable long-term income. Unibank will continue to strengthen its position in the capital market by offering modern saving and investment tools and contributing to the development of the country’s financial infrastructure.
Funds raised through the issuance of the bank’s perpetual bonds are guaranteed by the Deposit Guarantee Fund in the amount and under the conditions established by the Law of the Republic of Armenia “On Guaranteeing Compensation for Bank Deposits of Individuals.”
The Prospectus of the perpetual bonds (registered by the Central Bank of Armenia on 26.11.2025 under Decision No. 1/427A) is published on the bank’s website in the “Bonds” section.
The bank is regulated by the Central Bank of Armenia.
Earlier, the bank successfully placed the first perpetual bonds on the Armenian financial market, totaling AMD 3.5 billion and USD 9 million. The placement was completed significantly ahead of schedule—the entire volume was purchased in almost a single day. Strong investor demand significantly exceeded the supply, which prompted the issuance of a new tranche.
Coupon payments on the perpetual bonds will be made quarterly. For the first three years, the rate will remain fixed, after which it will be calculated based on the three-month government bond yield curve plus 6.5%. After a five-year period, the bank may apply a call option and repurchase the bonds at par value.
The introduction of this new instrument is an important milestone in the Armenia’s capital market, providing investors with an opportunity to receive stable long-term income. Unibank will continue to strengthen its position in the capital market by offering modern saving and investment tools and contributing to the development of the country’s financial infrastructure.
Funds raised through the issuance of the bank’s perpetual bonds are guaranteed by the Deposit Guarantee Fund in the amount and under the conditions established by the Law of the Republic of Armenia “On Guaranteeing Compensation for Bank Deposits of Individuals.”
The Prospectus of the perpetual bonds (registered by the Central Bank of Armenia on 26.11.2025 under Decision No. 1/427A) is published on the bank’s website in the “Bonds” section.
The bank is regulated by the Central Bank of Armenia.
