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What is a bond?

    A bond is a debt security that entitles its acquirer to receive back the nominal value of the bond and interest on the nominal value of the bond from the issuer of the bond, in this case, from the Bank, within a specified period.

    Issuing bonds is a way for a bank to collect funds from the public for a certain period of time.

    For the client, the bond is an instrument for investing funds, just like a bank deposit.

    It should be stated that bonds and bank deposits have quite a lot in common and, at the same time, differences.

Placement of bonds

Placement is the primary sale of bonds to investors, which can be carried out through the RA Stock Exchange, or by direct sales to customers by the Bank.

    Acquisition quantity /amount: minimum 1 bond:

    The maximum investment volume is limited only by the total volume of issued bonds, no other restrictions are imposed by the Bank

    Bonds are sold in whole numbers

Bond price

The price of the bond is equal to its nominal value throughout the placement period.*

    However, it should be taken into consideration that the bond is sold to investors with coupons accumulated at the moment.

    The investor can find the calculated price (nominal value + accumulated coupon) per each day during the placement on the Bank's website.

    After listing in the stock exchange, investors can get information about the previous day's price! through a broker.

* The bond price may fluctuate in the result of interest rate changes in the market (in the opposite direction).

Sale of bonds

After purchasing the bonds, the investor cannot sell them back to the Bank.

    After the primary placement, the investor can sell the bonds at any time in the secondary market.

    For each tranche, the Bank signs a contract with a market maker, by which the minimum volume of daily quotation is 1 percent of the total number of bonds of the given class.

    Bonds can also be sold to other persons.

    Bonds can also be pledged.

Bond - Deposit comparison

Amount guarantee

Taxation of incomes

Cash flows if held until maturity

In case of premature termination /interest loss derived from the sale of bonds


Amount guarantee

Investments in bonds are guaranteed by the Deposit Guarantee Fund to the same extent as in case of deposits.

Taxation of incomes

According to the RA Tax Code, resident and non-resident individuals, as well as non-resident legal entities, interest income from bonds listed in the stock exchange are not subject to taxation.

Cash flows if held until maturity

Nominal value + accumulated coupon income

In case of premature termination /interest loss derived from the sale of bonds

Bonds are sold with accrued interest.

Updated 30.05.2024 17:23

+374 10 59 20 20Head Office: 48 Nalbandyan st., Yerevan, 0010, RA


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In case of any inconsistency between the information published in Russian and English, you need to be guided by Armenian version.
"AMIO BANK" CJSC is not liable for the accuracy of the content of any linked websites, as well as for the advertisements and possible consequences resulted from the use of information provided on the linked websites by the third parties.
Neither is "AMIO BANK" CJSC liable for the accuracy of the content of information linked on the websites of third parties about the terms and fee schedule for the services rendered by the Bank.

License of the Central Bank of Armenia #40 issued on 10.12.1991
AMIO BANK is the legal successor of ARMBUSINESSBANK.

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The Bank is supervised by the Central Bank of Armenia