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The program prospectus of bonds issued by "Converse Bank" CJSC was registered by the Decision of the Chairman of theCentral Bank of the Republic of Armenia N 1 / 154A dated 08/04/2022

The Prospectus was published on the Bank's website on 13/04/2022.

The electronic version of the Prospectus and its supplements can be downloaded by clicking here and the paper version can be obtained by visiting Converse Bank CJSC Head Office at 26/1 Vazgen Sargsyan street, 0010, Yerevan, Republic Square, Republic of Armenia.

Based on the Armenian Securities Exchange OJSC CEO Resolution NՑՊ-026-08/22 at 17 August 2022, the AMD bonds issued by Converse Bank CJSC were listed on the Abond list of the Armenian Securities Exchange OJSC.

The Resolution shall come into effect on August 22.
ARARATBANK OJSC is the market maker.

Substantive terms of bonds

Issuer Converse Bank CJSC
Class Nominal coupon
Nominal value  USD 100
Total volume  USD 10,000,000 
Turnover term  36 months
Coupon yield 4%
Frequency of coupon payment semiannual
Placed by Converse Bank CJSC 

According to the Republic of Armenia Law "On Guaranteeing the Refund of Bank Deposits of Individuals" funds attracted by nominal coupon bonds issued by the Bank are considered as a guaranteed bank deposit and are protected by the Deposit Refund Guarantee Fund.
To acquire the bonds, the following should be in place:
1. securities account with one of the Account Operators licensed in accordance with the procedure established by law
2. Bank account in AMD, in any bank
3. Bank account in USD, in any bank.

Converse Bank CJSC is an account operator. All required accounts can also be opened through Converse Bank CJSC mediation.
For customers who obtain bonds issued by Converse Bank CJSC, accounts are opened free of charge and without any service fee during the period of validity of the bond.
The minimum volume of purchasing bonds is 10 units and the maximum volume is limited by the volume of placement.
The electronic version of the final release terms can be downloaded by clicking here.

Please be advised that the amended Tax Code came into effect on 01/03/20, according to which 10% income tax will not be deducted from the coupon income of bonds issued by the Bank held by individuals, and 10% profit tax will not be deducted from the coupon income of bonds held by non resident legal entities.





Bond Program Prospectus

Final Issuance Terms

Bond Price

Buy Order for Legal Enities 

Buy Order for Individuals