The first placement of Converse Bank’s bonds in 2018 started on April 26.  Along with AMD and USD bonds, EUR bonds have been issued as well.

The bank noted that the total volume of the issued AMD bonds is AMD 3 billion with 9.5% coupon rate per annum. The total volume of the issued USD bonds is USD 10 million with 5.25% coupon rate per annum. Lastly, the total volume of the issued EUR bonds is EUR 5 million 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. 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 NASDAQ OMX Armenia stock exchange, for trading in the secondary market.

The bonds are guaranteed by the Deposit guarantee fund of Armenia.

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