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

Cube Invest announces the placement of AMD bonds worth 5 billion drams

By Decision No. 1/288 A of the Chairman of the Central Bank of the Republic of Armenia dated July 1, 2026, the program prospectus for Cube Invest CJSC's registered coupon bonds was registered.

Loans issued by Armenian commercial banks approached 8.9 trillion drams at the end of July

The volume of loans issued by commercial banks in Armenia as of the end of July 2026 amounted to 8,898,629 million drams, compared to 8,775,241 million drams at the end of June.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 8, 2026, compared to September 7, to 363.64 drams.

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.

Armenia approves €80 million loan agreement with OPEC Fund

At a meeting on Thursday, the Armenian government approved a draft loan agreement with the OPEC Fund for €80 million as part of the "Armenia Economic Transformation Program."

LATEST NEWS

spot_imgspot_imgspot_img