Unibank Offers Perpetual Bonds to Shareholders at 13.25% Yield

Unibank has issued a new series of perpetual bonds denominated in Armenian drams with a total volume of 9 billion AMD, according to reporting from Hetq. The bonds, which offer an annual yield of 13.25 percent, are available exclusively to the bank's existing shareholders.

Perpetual bonds are debt instruments with no maturity date, meaning they continue to pay interest indefinitely unless the issuer chooses to redeem them. The offering provides shareholders with an alternative investment opportunity within the bank while generating revenue for Unibank's operations.