Yerevan /Mediamax/. Starting January 26, first tranche of medium-term nominal coupon bonds issued by “Converse Bank” CJSC were included in the Bbond list of the Armenian Stock Exchange (Armex).

As Mediamax was told in Armex press service, Armex listed a total of 10,000 Converse Bank bonds with nominal value of AMD 30,000 and coupon yield of 10.64% p.a. The issue is due for redemption on December 16, 2011. The bonds are assigned ticker symbol CVBKB1.

“Converse Bank” announced issue of medium-term coupon bonds and placement of the first tranche on December 11, 2008.

The total volume of the issue makes 1.5bln AMD, the number of bonds – 50, nominal value of each bond – 30 thousand AMD, redemption term – three years. The placement of the first tranche of “Converse Bank” bonds at the volume of 300mln AMD, which started on December 16, 2008, was concluded on December 25.

In December, 2008, the Head of Financial Markets Division Tigran Davtyan informed that the bank’s bonds had 29 investors, individuals and legal entities among which. “The bank plans to realize placement of the remaining part of the issue at the volume of 1.2bln AMD in 2009”, Tigran Davtyan stated. The coupon yield of the bonds will be paid out quarterly.

The entire issues of the bank will be circulated on Armenian Stock Exchange. “Capital Asset Management” Company is the underwriter of the issue.