Fri, 25 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Conversebank begins placement of second issue of USD-denominated bonds

YEREVAN, October 20. /ARKA/. Conversebank said today it began the placement of the second issue of USD-denominated bonds in the amount of $4 million. The total amount of USD-denominated bonds is $10 million. The second tranche of $4 million bonds will be placed with a circulation period of 24 months and interest rate of 5.25%. The cost of a bond is $100. Payments on the coupon will be made once every six months. The placement of the first issue totaling $6 million took place in May this year.

After placement, the bonds will be listed at NASDAQ OMX Armenia in the corporate bonds section.
On October 16 in the secondary security market USD–denominated bonds were bought and sold at 5.63% and 5.33% respectively, while dram-denominated bonds at 10.5% and 9.95% respectively. According to Conversebank financial director Hrant Hakobyan, this indicates a high demand for bonds and confidence in the bank.

Conversebank is owned by Argentina-based Advanced Global Investments LLC (80.94%), the Armenian Apostolic Church (5%) and the HayPost Trust Management B.V. Company (14.06%),

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

LATEST NEWS

spot_imgspot_imgspot_img