On June 28, the bonds of "Farm Credit Armenia" UCO CC have been listed on the Bbond list of the Armenia Securities Exchange, allowing manual and Repo transactions with these bonds.

Dimension CJSC, as Farm Credit Armenia’s underwriter, was also present at the Bell Ringing Ceremony.

This tradition dates back to the 19th century, marking important events (for example, the listing of securities) on Securities Exchanges around the world.

"Typically, companies issuing bonds in our market have already taken certain steps in the capital market by issuing various types of securities. However, this year stands out because this is the third new company's entry into the Armenia Securities Exchange. Considering the statistics of recent years, we must state that this is a good indicator. I am confident that the entry of new companies into the capital market and their activity of this kind will make the investment environment even more attractive. An important factor is also the sectoral diversity of companies issuing and listing bonds. This is a signal that a culture of raising funds through alternative methods in the capital market is being formed, which I consider very positive," said Hayk Yeganyan, CEO of the Armenia Securities Exchange.

"Over the years, we have successfully collaborated with local and international partners to attract financial resources. The cooperative is a partner with the German-Armenian Fund in terms of loan programs of the World Bank, the German KfW Bank, the Asian Development Bank, and the European Investment Bank, as well as the programs of the Ministry of Economy of Armenia's "RAED PIU" and the National Mortgage Company. Notably, the cooperative's partnership with the French Development Agency and the Proparco investment company in terms of subordinated loans enables us to increase capital and attract additional resources. I should mention that the company also collaborates with German, Swiss, Belgian, and American investors. The issuance of bonds is another new step towards the capital market, which will increase the company's recognition among local investors," stated Armen Gabrielyan, director of "Farm Credit Armenia" UCO CJSC.

"Dimension Investments is very pleased to support Farm Credit Armenia, a leading and successful agricultural credit organization in Armenia, in entering the Armenian capital market. I hope that the Company will continue its active participation in the capital market, using the attracted funds and instruments for the further development of agriculture in Armenia," said Levon Movsisyan, CEO of "Dimension" CJSC.

The funds raised by the issuer will be directed to the activation of lending to agricultural holdings.

The terms of the bonds are the following:

• The annual coupon rate of the bonds: 12․25%
• Volume of the placement: AMD 1,200,000,000
• Nominal value of one bond: AMD 100,000
• Coupon frequency: quarterly
• Maturity period: 30 months
• Maturity date: 02.11.2026 
• The placement takes place between May 2, 2024 and May 8, 2024.

The interest income from listed bonds in the Republic of Armenia is exempt from income tax and non-resident profit tax. 
 
To learn more about the program prospectus registered by the decision of the Chairman of the Central Bank of the Republic of Armenia No. 1/109A of 03.04.2024, you can visit the following link.

010 545670 |  www.dimension.am | Dimension CJSC is supervised by the CBA.

010 550831, 550741 |  www.fca.am | Farm Credit Armenia is supervised by the CBA.

About "Farm Credit Armenia" UCO CC

The Mission, Vision and Core Values of Farm Credit Armenia reflect the commitment of the board of directors, management and staff to developing agricultural production, supporting its infrastructure in rural Armenia through a sustainable cooperative financial institution and providing credit in good times and bad times.
Farm Credit Armenia's mission is to improve the quality of life in rural Armenia by providing accessible financial services to agriculture; agribusiness; small and medium enterprises, micro-borrowers; young, beginning, and small (YBS) farmers; women; and minority rural residents.

About “Dimension” CJSC

Founded in 2018 and with capabilities spanning Investment Securities Services, Capital Markets Advisory, and Investment Management & Research, Dimension strives to put clients first by being their most reliable, insightful, and effective investment services partner in Armenia, while maintaining the firm's high integrity. Dimension’s capabilities are fortified by its core values, highly engaged shareholders and global network.

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