Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

The funds raised through this issuance will be used by Viva Armenia to refinance loans, cover capital and other strategic costs.

The face value of each bond is $100 with an annual coupon rate of 7.65% (with a coupon periodicity of 6 months), while the maturity period is 36 months. The placement of the bonds will begin on 12 February 2025 and will last for 90 business days.

“The public offering of bonds is the next logical step in Viva Armenia’s growth, based on the Company’s high profitability, stable cash flows, impressive growth rates, effective business model, technological innovation, and leading market position. Our unique competitive advantages enable Viva Armenia to enter a new phase of development, offering to individual and institutional investors the opportunity to participate in financing of Viva Armenia’s strategic projects on attractive terms. We are confident that this bond placement will allow us to attract new resources to further accelerate the company’s growth, capitalize on market opportunities and stay aligned with our mission to develop the ICT sector,” said Armen Avetisian, General Director of Viva Armenia.

“We are pleased to begin 2025 with another important project for the Armenian capital market. Viva Armenia, a leader in the telecommunications sector, has long been one of the most sought-after issuers and is entering the market with a bold offering. Following a successful placement, this issuance is poised to become the largest in the local foreign currency bond market. The entry of such a leading and financially stable company into the Armenian capital market is a major event and will undoubtedly play a key role in its development,” said Artak Hanesyan, Chairman of the Management Board and CEO of Ameriabank.

The bonds can be purchased online via the MyInvest platform on Ameriabank’s MyAmeria application, by visiting any Ameriabank branch and filling out an application order, or by sending the completed application-order form to Ameriabank’s email address: capitalmarkets@ameriabank.am.

After the initial placement, the bonds will be listed on the Armenia Stock Exchange and made available for buying and selling on the secondary market.

The prospectus for Viva Armenia CJSC’s bonds was registered by Resolution No. 1/17 Ա of the Chairman of the Central Bank of the Republic of Armenia on 22 January 2025. The procedure for purchasing bonds, the electronic version of the prospectus, and announcements regarding the public offering can be found here. All details about the issuer and offered bonds, as well as associated risks, can be found in the prospectus.

About Viva Armenia

Viva is a leader in the telecommunications and information technology sector in Armenia, offering mobile and fixed services, as well as cloud services and other convergent products. The Company is also a leader in the telecommunications sector in terms of launching a large number of key technologies and solutions, innovative tariff plans and services.