Converse bank completes placement of second issue of USD-denominated bonds

YEREVAN, November 28. /ARKA/. The Yerevan-based Converse Bank said today it has completed the placement of the second issue of USD-denominated bonds in the amount of $4 million. The face value of a bond is $100, the circulation period is 24 months and the interest rate is 5.25% Coupon payments are made once in every six months.

It said also the placement was completed ahead of the schedule. Now the total amount of USD-denominated bonds is $10 million and the amount of bonds in the national currency is one billion drams. The bank said also it plans to issue new bonds next year with longer circulation term. The latest bonds will be listed on ABond platform of corporate bonds at NASDAQ OMX Armenia stock exchange.

Converse Bank’s major shareholder is the Advanced Global Investments LLC (Argentina), which holds 80.94% of its shares. The Armenian Apostolic Church owns a 5% stake and the HayPost Trust Management B.V. Company (Armenian national postal operator) owns 14.06%. -0-

spot_img

POPULAR

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

Cryptoasset regulation in Armenia is quite conservative, and the market lacks a unified goal – Eleveight AI co-founder

Cryptoasset regulation in Armenia can be characterized as quite conservative, and some market participants believe this could hinder the industry's development, noted Arman Aleksanyan, co-founder and CEO of Eleveight AI.

Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

LATEST NEWS

spot_imgspot_imgspot_img