Fast Bank CJSC is launching the placement of a new issuance of bonds in AMD, USD, and EUR starting from February 17, 2025.

By Decision No. 1/35 A of the Governor of the Central Bank of Armenia dated February 5, 2025, the Supplement to the Prospectus of Bond Issuance of Fast Bank CJSC was registered.

 

Starting from February 17, 2025, until July 4, 2025, the Bank plans to place nominal coupon bonds in AMD, USD, and EUR, with annual yields of 10.75%, 6.25%, and 5.25%, respectively.

 

Fast Bank will place bonds totaling 3 billion AMD, 9 million USD, and 3 million EUR, with nominal values of 100,000 AMD, 100 USD, and 100 EUR. The bonds have a 3-year maturity period, with semiannual coupon payments.

The bonds can be purchased at 35 branches of Fast Bank and through Dimension CJSC, which is the placement agent for this issuance.

 

If the buyer already has a securities account, they can complete the application form and ensure the bond purchase amount is credited to the bank’s account by 3:30 PM on the same day. In this case, the bond price is calculated for that day. If the transfer is made after 3:30 PM, the application is accepted on the same day, but the amount paid will be calculated based on the next working day's bond price.

 

If the buyer does not have a securities account, one will be opened within one business day, and the bond purchase will be made at the price of the next business day.

 

To purchase bonds, individuals need to provide a passport, social card, and bank account details.

 

Information regarding the acquired bonds is provided by the investment service provider where the client’s securities (depo) account is opened.

 

Income from bonds acquired by individuals is guaranteed by the Deposit Guarantee Fund of Armenia.