Yerevan /Mediamax/. “Converse Bank” CJSC started payment of the quarterly coupon of its corporate bonds issue first trance (CVBKB1).

As Mediamax was told in the press service of the bank, “Converse Bank” started payment of coupons on March 16. The volume of the paid quarterly coupon per 1 bond makes 787.1 AMD (the total sum of the paid quarterly coupons makes 7 871 000 AMD). As of March 17, the bank had already paid out 7 866 277 AMD.

The placement of the bank’s medium-term bonds started on December 16, 2008.

On January 26, the first tranche of the issue was listed in Bbond list of “NASDAQ OMX Armenia” Stock Exchange. The volume of placement makes 300mln AMD, the repayment term - 3 years, the annual yield - 10.64%.

The total volume of the bank’s issue makes 1bln 500mln AMD, the nominal value of 1 bond - 30 thousand AMD. The placement of the issue is planned to be realized by means of a few tranches.