Ameriabank places USD 20 million debt securities
13.06.2016,
14:57
Ameriabank said today it has successfully placed June 10 USD 20 million debt securities with four Luxembourg-based funds via its investment manager responsAbility Investments AG.
YEREVAN, 13 June. /ARKA/. Ameriabank said today it has successfully placed June 10 USD 20 million debt securities with four Luxembourg-based funds via its investment manager responsAbility Investments AG.
The funds making investments in emerging markets purchased this large volume of Ameriabank debt securities in view of the bank’s credit rating, reputation in the international capital markets, solid financials, agile business model, exemplary for the market corporate governance and low transactional risk, Ameriabank said in a press release.
The proceeds from security placement will be channeled into lending to small and medium-sized enterprises (SME) and financing of renewable energy and energy efficiency projects in Armenia.
The financing will support further expansion and growth of SME business activities, help increase their competitiveness and create new jobs. Financing of renewable energy and energy efficiency projects will boost sustainable growth in this sector and contribute to energy efficiency in the country.
Ameriabank highly appreciates this new cooperation with responsAbility Investments AG which will have a notable impact on the growth of the sectors and economy overall.
Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia, which has been providing a wide range of innovative banking services since 2008.
The bank's assets at the end of the first quarter of 2016 amounted to 507.7 billion drams, liabilities stood at 447 billion drams, capital stood t 60.6 billion drams, credit investments were worth 330.4 billion drams. It also earned 1.195.8 billion drams in net profit.
Founded in 2003, responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments and offers professionally-managed investment solutions to both private and institutional investors. The company’s investment vehicles supply debt and equity financing to non-listed firms in emerging economies and developing countries. Through their activities, these firms help to meet the basic needs of broad sections of the population and to drive economic development – leading to greater prosperity in the long term.
responsAbility currently has USD 3 billion of assets under management that is invested in around 520 companies in more than 90 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA. -0-
The funds making investments in emerging markets purchased this large volume of Ameriabank debt securities in view of the bank’s credit rating, reputation in the international capital markets, solid financials, agile business model, exemplary for the market corporate governance and low transactional risk, Ameriabank said in a press release.
The proceeds from security placement will be channeled into lending to small and medium-sized enterprises (SME) and financing of renewable energy and energy efficiency projects in Armenia.
The financing will support further expansion and growth of SME business activities, help increase their competitiveness and create new jobs. Financing of renewable energy and energy efficiency projects will boost sustainable growth in this sector and contribute to energy efficiency in the country.
Ameriabank highly appreciates this new cooperation with responsAbility Investments AG which will have a notable impact on the growth of the sectors and economy overall.
Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia, which has been providing a wide range of innovative banking services since 2008.
The bank's assets at the end of the first quarter of 2016 amounted to 507.7 billion drams, liabilities stood at 447 billion drams, capital stood t 60.6 billion drams, credit investments were worth 330.4 billion drams. It also earned 1.195.8 billion drams in net profit.
Founded in 2003, responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments and offers professionally-managed investment solutions to both private and institutional investors. The company’s investment vehicles supply debt and equity financing to non-listed firms in emerging economies and developing countries. Through their activities, these firms help to meet the basic needs of broad sections of the population and to drive economic development – leading to greater prosperity in the long term.
responsAbility currently has USD 3 billion of assets under management that is invested in around 520 companies in more than 90 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Geneva, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA. -0-
