Sun, 28 September
16.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Converse Bank commences placement of bonds in three currencies

YEREVAN, May 10. /ARKA/. The first placement of Converse Bank’s bonds in 2018 started on April 26th. Along with AMD and USD bonds, Euro bonds have been issued as well, the bank’s press office reports.

The total volume of the issued AMD bonds is 3 billion AMD, with 9.5% coupon rate per annum. The total volume of the issued USD bonds is 10 million USD, with 5.25% coupon rate per annum. Lastly, the total volume of the issued Euro bonds is 5 million Euro, with 4% coupon rate per annum.

The maturity period of the bonds issued in all three currencies is 36 months instead of the previously noted 24 months maturity. The coupon payment frequency is semi-annual.

Placement of the bonds will be completed on September 1, 2018 and will be followed by listing of the bonds on the corporate bonds platform of the NASDAQ OMX Armenia OJSC stock exchange, for trading in the secondary market.

The bonds are guaranteed by the private individuals banking deposit guarantee fund.

For details please follow the links: https://conversebank.am/en/amdbondsnewissue/,
https://conversebank.am/en/usdbondsnewissue/, https://conversebank.am/en/eurbondsnewissue/.

Converse Bank was registered on December 20, 1993.

The bank’s shareholders are Advanced Global Investments LLC (Argentina) – 80.94%, Armenian Apostolic Church – 5% and HayPost Trust Management B.V. Company – 14.06%. –0—–

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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

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

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

LATEST NEWS

spot_imgspot_imgspot_img