YEREVAN, Armenia and WASHINGTON, Jan. 3, 2019 /PRNewswire/ -- FINCA Armenia announced the issuance of AMD 1.4 billion (USD 2.8 million) in nominal, non-documentary coupon bonds, further diversifying its funding base. Each three-year coupon bond has a nominal value of AMD 10,000 and a semi-annual coupon rate of 10.5%. The issuance is the first of three tranches the institution plans to issue over the next year, with a total value of USD 10 million.
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As Icelandair Group (the “Company”) announced in a stock exchange release on 21 December 2018, a sufficient number of bondholders of ISIN N00010776982, with an aggregate outstanding amount of USD 190,000,000, have voted in favour of the Company’s request for amendment and restatement of the bond’s terms and conditions. The request included a clause regarding the redemption of 1/3 of the outstanding bonds on 15 January 2019. Icelandair Group has made an identical request to bondholders of ISIN IS0000025427, with an aggregate outstanding amount of USD 23,660,000, cf. the Company’s stock exchange release on 21 December 2018. Thus, the expected total redemption of bonds on 15 January 2019 amounts to approximately USD 71 million.