AMD DENOMINATED BONDS ISSUED BY CONVERSE BANK CJSC
Converse Bank CJSC has issued AMD denominated bonds.
The program prospectus of bonds issued by "Converse Bank" CJSC was registered by the Decision of the Chairman of the Central Bank of the Republic of Armenia N 1 / 154A dated 08/04/2022
The electronic version of the Prospectus 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.
The Supplement to the Program Prospectus (registered by the Decision of the Chairman of the Central Bank of the Republic of Armenia N 1 / 154A dated 08/04/2022) was approved by the Decision of the Chairman of the Central Bank of the Republic of Armenia N 1/244 A at 27/05/2022. The electronic version of the Supplement 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.
The Supplement to the Program Prospectus was approved by the Decision of the Chairman of the Central Bank of the Republic of Armenia. The electronic version of the Supplement can be downloaded by clicking here. The placement of the AMD denominated bonds will be carried out from November 22, 2022, 09:30 through March 15, 2023, 16:30. Bonds at face value of AMD 3,000,000,000 will be placed in this tranche.
Substantive terms of bonds
Issuer | Converse Bank CJSC |
Class | Nominal coupon |
Nominal value | 50,000 AMD |
Total volume | 3,000,000,000 AMD |
Turnover term | 24 months |
Coupon yield | 10․5% |
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.
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.